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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: mikesloan who wrote (963)	7/29/1997 10:35:00 PM
From: John Barendrecht	of 116759

Watching US news today and they said they expect the stock market to drop 5 to 10% as soon as the Capital Gains Bill becomes law. Because all these people will be selling to lock in their paper profits. And paper assets have seen 24% inflation per year for 3 yrs. They recommended buying one or two months later on the dip. Said the last time capital gains was adjusted in US was just before the crash of 87. Any thoughts, anyone?

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