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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Real Man who wrote (94838)	5/1/2003 6:36:33 PM
From: Broken_Clock	Read Replies (3) of 116813

Vi, You're dead on regarding jewelry demand and gold. Gold production has been in a deficit for how long now? Bank lending has made the diff. Jewelry demand can fall a long way off w/o impacting gold price. Banks are the swing on the price along with PM miners' forward sales. Miners or Banks tighten up and gold will move up. All in all, NA miners with SA exposure will do best regardless.

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