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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.28

-0.9%

Dec 1 4:00 PM EST

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To: goldsheet who wrote (92569)	1/8/2003 6:51:43 PM
From: Enigma	Read Replies (1) of 116790

Bob - to what extent is Anglo a hedger? As for the stocks dragging their feet re POG todays action in the metal took the market off guard IMO as the stocks seemed to be anticipating a pullback. IMO a very strong performance for gold today. The stimulus package, military buildup, soaring deficits, Greenspan's indication of opening up the presses can't give foreign holders of greenbacks much comfort. The stimulus package is by no means a done deal and there will be protracted wrangling over it. What if America/UK don't attack this year? It's still been a costly operation to this point and loss of face could be negative too - so on the fundamental side the outlook is a bit iffy JMHO.

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