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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: d:oug who wrote (72983)	7/7/2001 12:57:33 AM
From: ubetcha	Read Replies (2) of 116825

Today's CNN Lou Dobb's Money Line a Doom & Gloomer given 5 minutes to talk and Louie Louie was not happy... Not only did we hear 5 minutes of Doom and Gloom, but Lou presented the fact that the PE (Price to Earnings) ratio of the Dow was still at 20 which is close to double its norm, and that the Nasdaq was even at worse shape at close to 30. This is the first time that I have actually heard reasons why stocks are and may continue to go down. They have to get back to normal levels. Of course stocks must always go up, and gold must always go down. Must keep things in perspective. Terry

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