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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: long-gone who wrote (64926)	3/3/2001 5:58:38 PM
From: Rarebird	Read Replies (1) of 116753

Long-Gone: I'm already invested in 6 gold stocks, HGMCY, AEM, NEM, HM, ABX, PDG and have a truckload of calls on the XAU, along with some physical. The danger here is that the great deflation threat already present in the economy will accelerate rapidly here and push the POG down to $190-$200. I will double up on all my positions if that occurs. I have metaphysical vision and know where Gold is headed here. The US stock market is a Gambling Casino that is presently unwinding. All talk of bottoms is BS. There is no long term bottom here. There is such immense tragedy here that I don't even want to begin elaborating on it. The reason for this is that I'm going out shortly with my wife and some friends before we get a couple of feet of snow starting tommorrow and I don't want to start crying.... There are ultimately no "defensive" issues or "safe havens" in this market except Gold and Gold Stocks. The Polar "Bear" will eventually destroy those "defensive" issues too. Last, but not least, is the stocks that everyone loves to hate and have already been crushed: the Goldie Stocks. When there is no where else left to turn and no hope left, what do you do? Buy what you hate: Gold Stocks

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