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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.30

+3.6%

Jan 12 4:00 PM EST

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To: Pat O'Brien who wrote (336)	7/9/1997 12:39:00 AM
From: John Barendrecht	of 116854

Pat, I don't disagree with your view. I just post the news. When no one wants something is the time to buy. We may not be at the exact bottom for gold or gold mining shares but buy over the next several months. It is not only gold mining companies that are down - some that don't mine gold are down 30 to 50%. This is great news. When the CB see that no one is going to invest in mining companies, they might get the hint to stop selling gold. If no one mines for copper, nickel, palladium, platinum, etc., the price should go up. What is this going to do to price of gold? You are right most of these sources (experts) "seen" the gold at Busang. From paper to paper, they don't agree on numbers and they are quoting the same sources!

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