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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.01

+0.1%

4:00 PM EST

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To: Feraldo who wrote (12478)	3/12/2008 1:12:35 PM
From: JimisJim	Read Replies (1) of 29622

In general, I agree with you... but remember that costs for mining operations are going up quickly, especially for companies bringing new mines online -- cost of energy and labor is skyrocketing for miners, so some of the increase in prices of gold and silver are eaten up by the record high energy prices they pay to build and produce. After taking a few chips off the table to lock in profits, I am holding the rest of my PMs here... as long as the fed keeps feeding inflation and sinking the dollar, I can't think of any other ideas beside oil & gas that work right now. Jim

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