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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.27

+0.6%

4:00 PM EST

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To: Enigma who wrote (92637)	1/14/2003 8:24:47 PM
From: marek_wojna	Read Replies (1) of 116815

<<It seems that vodoo economics are again in play.>> No doubt. Looks like some "invisible" hand giving push to the indices. Japan tried that long time ago but gave up. Difference is they done it openly without without third parties involved. Despite wonderful economic news from retail sales to 35000 jobs lost alone by K-mart today markets are marching up. Gold longs record high, hard to see any jump in the price soon. Possible US$ in nineties is already factored in POG and as it slides down now the longs will unload. But that would be repeat scenario from the last year spring & early summer action.

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