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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: marek_wojna who wrote (73049)	7/8/2001 6:14:26 AM
From: Zardoz	Read Replies (1) of 116756

Marek_Wojna, I though hard and hard on this, hey I'll even admitt it, I've lost sleep over this: AS of today certificate cost is 411cdn. Metal is 418cdn. OK well in the 10 minutes I've been home, {just got in} I've decided that to much bull crap is spread on the GPM & KITCO to justify as to what the REAL price of gold is. Consider this. KITCO is showing some skewed data that I'd say reflects larger bars {maybe even futures related estimates} and not single ounces. Why you might ask I'd suggest this. Well.... Consider the difference prices of Gold out there. Yahoo's quote: ca.finance.yahoo.com $406.13CAD Kitco Spot: kitco.ca $265.70USD Kitco Coins: kitco.com $400.55CAD Pacific.Commerce's: pacific.commerce.ubc.ca 2001/07/04 Wed 267.98 404.91 2001/07/05 Thu 265.55 400.95 From Commerce data we can estimate Gold to be $266.45USD $405.67CAD For friday Guess what... ALL are less then the $418 metal, and the $411 Cert cost...This is why I suggest that everyone take the POG as a range +/- $3 and not really care about $2 rises and drops... The only REAL market to concern yourself with it LBMA lbma.org.uk whichs suggests $403.61 Cad.... Welcome to the world of many bid-ask seperations as well as Bar, wafers, etc prices.... None are right, all are right.I'll give you any price you want. Hutch

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