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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: Rarebird who wrote (65233)	3/9/2001 12:15:00 PM
From: russwinter	Read Replies (1) of 116764

IMO XAU is the wrong index to follow right now. There are too many "insurance" (i.e. hedgers) in that index. How would they benefit from a spike in gold? The answer is that some may actually be hurt. The real gold index is HUI, and it is nicely in gear with this move. ca.finance.yahoo.com^HUI&d=t

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