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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.04+0.7%Jan 16 4:00 PM EST
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To: Crimson Ghost who wrote (75400)8/21/2001 3:02:27 PM
From: Real Man  Read Replies (1) of 116874
 
Some overhedged Aussie miners that see Aussie buck going against them are also the commercials that are short. I can see fireworks in the gold and silver market if the dollar continues to slide relative to the Aussie. The dollar index is below 200 DMA. Gold 200 DMA is at 282, so we have just tested it. I believe we will break out this time.
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