At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: mikesloan who wrote (607)	7/3/1997 3:13:00 PM
From: Gerald Walls	of 1911

The POG was $850. on Jan 21/80 What made it go so high then? Nixon. Carter. "Malaise." Hostages. 20%+ Prime Rate. Over 10% unemployment. Run-away inflation. (Stagflation.) Japan kicking ass. Feeling U.S. was becoming an industrial has-been. Basically everything we don't have now, which is why the price is going in the other direction.

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