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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: paul ross who wrote (81730)	2/7/2002 9:55:27 PM
From: Elizabeth Andrews	Read Replies (2) of 116758

Show me the evidence that supports a high lease rate as indicative of a rising gold price or a low lease rate for a falling gold price. The lease rate is not an option and you can't think about it that way. Let's not forget that gold is fungible and that is more important than anything else.

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