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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: long-gone who wrote (63813)	2/16/2001 1:30:18 AM
From: Zardoz	Read Replies (3) of 116768

Here's why gold went down today: Rumour is that the CB of Canada knew about Nortel press release before it happened and sold Gold today via futures and spot as well as shorting gold producers during the day. They want to raise cash to aid support to Nortel tomorow. For those whom aren't up on Canadian politics, you may not remember that during the last time Nortel warned Oct 25/00 the CB head was on TV during business hours. This is rare on any occasion {while the markets are open}. His reason then was to comment on the point that Canadian CB may not follow the US CB actions. Yet the first question posed by the press was about Nortel. And as you may recall his comments was that Nortel was a superior company that will withstand any market downturn {AKA: worthy of investment} This interview was done ONLY to prop up the failing Nortel stock... far be it only temporary. When one stock controls so much of the Canadian markets you can expect the full force of the CB to act in the best interest of the Canadian economy. quote.canada-stockwatch.com If life goes as it should, you can expect the CB head of Canada to be on TV again tomorrow. And 'know' doubt he will be flogging the merritts of Nortel. You may remember my PM to you before when he did this Richard? Hutch Addition: But then I guess you do remember your comment: Message 14662093 From: long-gone Wednesday, Oct 25, 2000 10:11 PM View Replies (1) \| Respond to of 63817 Has anyone thought there might have been a relationship between Nortel crash POG drop and fact Nortel is Canada based?

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