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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: AC Flyer who wrote (68847)5/8/2001 1:48:10 PM
From: Crimson Ghost  Read Replies (2) of 116759
 
Because the gold stocks are acting extremely well even as bullion lags. That is the kind of action we saw prior to the strong 1993 bull.

Also do not forget that short-term rates are plunging as the lease rate rises. So the carry trade is being hit with a double wammy -- it costs more to borrow gold while the returns on the proceeds of gold hedging are declining.
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