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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.78

-1.2%

Dec 31 4:00 PM EST

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To: Bald Eagle who wrote (3853)	12/5/1997 1:05:00 PM
From: Richnorth	Read Replies (2) of 116837

"ole 49r", initiator of the GOLD-XAU thread (see her post#2 there) opines that gold will bottom out at ~US$195/oz. The ECONOMIST magazine, in an article featured about a couple of months back, ventured that even if gold became a mere commodity, it should be worth at least US$230-US$250/oz. A couple of big mutual funds recommend buying gold certs when gold goes to $285-$280/oz. Some think that if gold descends to $280, the drop to $200 will be swift and furious!

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