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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: Richnorth who wrote (1073)	8/5/1997 11:57:00 AM
From: long-gone	of 116810

rich, on point 2: did not "abandon" Hawkeye thread, simply had nothing to say,pending more news. I still believe! About the thoughts on pfg posts: I believe current POG is a temp. situation. this is due to 1) the lies told by governments & repeated to uninformed "investors"(by brokers & media)concerning lack of inflation. 2) were it not for sales by Central banks (europe & Aust.) Current POG based on demand & supply (from mining/rec.) would be in the $420 US range. I state this figure from the amount of over valuations of the "nifty fifty" & the momentum style of fund managers. 3) Mr. Greenspan will not see any inflation as long as a) wages stay down & b) POG is low. Concerninng price of silver: were you aware(1) of the amount of silver in today's television set? Are you aware(2) of the number of televisions in U.S. Homes? Did you know (3) almost every TV in the US will be replaced by the year 2001 based on the new HDTV standards? Did you also guess,(4) this will have a small + effect on POG? later - good luck Richard

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