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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

Dec 26 4:00 PM EST

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To: Jim Ilchyshn who wrote (3128)	11/14/1997 1:28:00 PM
From: John Barendrecht	Read Replies (1) of 116832

<<Gold rallied after the initial '29 crash and gold stocks soon followed. U.S.>>. Gold was fixed by the US government during the 29 depression and wasn't allowed to float until much later - don't have the exact dates in front of me. You are correct that some gold stocks did remarkably well - gainig 500% in 5 years or so.

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