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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (65220)	3/9/2001 11:52:15 AM
From: Rarebird	Read Replies (3) of 116764

<The XAU is flat this morning despite the jump in bullion prices. Does suggest a short-term top has been seen.> The gold stocks are forecasting a substantial rise in the POG. The gold stocks vastly outperformed the POG yesterday. The economic environment does not get much better for gold here. Greenspan is lowering rates 50 basis points every 6-7 weeks now and the economy is continuing to head further into recession. This is a gold bull market. Buy and hold gold stocks is in effect here till growth rebounds.

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