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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: TobagoJack who wrote (29685)	2/20/2008 11:38:30 AM
From: elmatador	Read Replies (1) of 217573

Gold: geologists and engineers, armed with sophisticated equipment and millions of investor dollars. toiled for global mining giants for years. But, now that the price of gold is near record highs, they are leaving their companies, raising capital to start their own prospecting start-ups and heading for Mexico. On Tuesday, an ounce of gold hit $929.30, up from $665 a year ago. Back in 1980, oil shock and economic gloom drove the price to $875 an ounce; that would be more than $2,000 today. Much of the recent run-up has been caused by economic uncertainty and rising anxiety about the risks of global inflation. nytimes.com

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