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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.35

+0.4%

Nov 6 4:00 PM EST

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To: PAUL ROBERTSON who wrote (65077)	3/7/2001 6:01:47 PM
From: goldsheet	Read Replies (1) of 116753

> The xau could go to 100 even if the price of gold stayed at $260. Basically what I have been saying - I'm not too excited about gold bullion, but I really do like the way gold stocks have been performing recently. Gold stocks are well postioned to move higher, without requiring a big move in bullion. Gold up over $275 (+6%) could be good for XAU over 70 (+30%) - about 5X leverage versus an historical average of 3.8X

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