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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Zardoz who wrote (65321)	3/10/2001 1:32:34 PM
From: Claude Cormier	Read Replies (2) of 116764

<The Key to this is not whether lease rates are rising, but more over, why the Price of gold is not rising faster. Did not a previous rise in lease rates result in a $329 run after the EU announcements? > Hutch, in 1999, the rise in lease rates started in June and gained momentum progressively into September when gold prices explode. Today's rise ln rates is sudden and abrupt. Give POG prices some time to catch up. Maybe an unexpected news will cause a similar price explosion in the coming weeks. Claude

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