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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: Gary H who wrote (69726)	5/20/2001 9:18:09 PM
From: gold$10k	Read Replies (1) of 116759

The only similar experience I had was in September, 1999. On a Sunday night when the Washington agreement was announced, gold was suddenly up $10 and continued rising all day Monday and Tuesday to about $340, which as I remember was the top. XAU followed until it topped sometime early Tuesday from which point it stayed flat for the rest of the day. My impression is that although POG and XAU were low prior to the Washington agreement announcement, the fundamentals were not nearly so favorable to a sustainable move in gold as they are now (as listed earlier by JimL - see link below), so after the short-covering died down, the POG just drifted lower until recently. Message 15827268 It'll be strange for the Canadian gold miners to have their exchanges closed tomorrow. vt

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