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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST
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To: Dale Schwartzenhauer who wrote (285)7/9/1997 2:11:00 PM
From: PSkars   of 116791
 
TO ALL: I agree! Gold is flowing from the gov't back to the people...this will take some time to accomplish, but when it finally occurs, the price will go bullistic. That's because those that bought it don't want to trade it for worthless paper money and gov't officials that lie to them about inflation and other statistics. We are being manipulated by the gov't(s) and the Central Banks to think of paper money as the true storehouse of value. If you believe the gov't(s) then look at Mexico...when they get into trouble, they flood the market with paper.
This is the perfect time to buy and salt away the mining stocks and hard assets...watch the price of the mining stocks, see if they go down the same percent as the drop in the metal. This will be an indication that all who wanted to sell have sold and with no more sellers, there is only buyers...Use this time wisely, it is a once in a lifetime chance to become extremely rich when the market turns around...remember, BUY WHEN THERE IS BLOOD IN THE STREETS! I think that fits to this situation...I've always made money this way...and this is the second time in my lifetime when Gold was out of favor and then became covetted by all...I will wait for the plot to unfold.

Best of luck Trading.

Phil
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