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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Crimson Ghost who wrote (65397)	3/11/2001 5:48:27 PM
From: Rarebird	Read Replies (2) of 116812

<The kind of action we saw Friday almost always signals a forthcoming drop in both POG and gold stocks.> I agree with you completely. There will be some further short term heartache in the gold market. The question for me is how bad will it get? XAU 51? 48? 45? 42? The coming decline should be bought. With the next BOE auction coming this week, along with a potential very strong Bear Market Rally in the Nasdaq starting sometime midweek, I just wonder how bad the decline will get in the gold stocks. Thoughts? Do you think many will be stupid enough to sell their gold stocks to buy tech in the upcoming bear rally?

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