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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Goldbug23 who wrote (348)	7/9/1997 4:15:00 AM
From: mikesloan	of 116845

Hi Jim, I believe we are experiencing a paradigm shift here. Economists are now saying that the economy is so strong in the USA that without changing anything (ie taxes, etc.), there will be a balanced budget next year, so no more deficits. Perhaps even Canada as well. Gold is in the process of being demonitarized. It is goes to become just an ordinary commodity, therefore all the central banks holdings will now be considered part of the gold supply. It is just the old supply and demand thing and now we are experiencing a huge increase in supply (the central bank holdings). Gold is going to go to $275. or perhaps even $250 imo. Welcome to the new world order.

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