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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: parcival who wrote (81157)3/15/2001 8:47:16 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
no. at that price, so much of the world's production would be shut down, that severe supply/liquidity problems would beset the market. so IF it were to happen, the price would out of necessity quickly rise again.
besides, i regard this as a normal correction...the gold stock indices are not confirming the downturn in the PoG. recall also that e.g. another resource index, the OSX had an initial rally in late '98/early '99 that was given back in its entirety, shaking everybody out one last time - then lift-off.

you're overdramatizing the pullback in NEM...it only went back to where it was exactly 6 trading days ago.
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