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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: long-gone who wrote (70765)	5/30/2001 1:49:45 PM
From: Greg Ford	Read Replies (1) of 116764

At least your posts are funny. Where is the logic though. Gold has once again demonstrated its inability to hold to price gains. The market got long and within one week we have seen a $30 move lower in gold. People do not have faith in the market because the fundamentals don't make sense yet. You guys that talk about Greenspan and short bullion banks ultimately believe what you want but what we need is less supply of gold. Hedgers will hedge so we need to see some marginal production shutdown for good. Look at Newmont their share price is still $21.00. We should see that move back to the $16 range over the next week as the long goldshare crowd throws in the towel. Greg

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