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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Enigma who wrote (94895)	5/6/2003 10:14:25 PM
From: goldsheet	Read Replies (1) of 116753

> Assumes a static POG? No, recognizes a declining price of gold. Gold peaked in December 2001 in rand (3750R) and has been declining since. Margins are under pressure. Gold is down 20% from its 2003 $US peak (380/342) Down closer to 20% in $C (580/480) and down almost 25% in R (3200/2500) Currencies are much more dynamic than gold, at the moment.

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