Gold Price Monitor Message Board

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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: russwinter who wrote (70441)	5/26/2001 7:08:13 PM
From: Ken Benes	Read Replies (3) of 116759

The price of gold fell this week, because demand never materialized. With gold hovering around 285, the oscillation continued for awhile, until those with an interest were satisfied that the market was satiated and then the selling began. No one showed up on the other side of the sale and the price collapsed. The gold market will not support prices much above 275.00 now and for the intermediate term future. Ken

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