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Gold/Mining/Energy : JAB International (JABI)
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To: Ryan Weisman who wrote (2020)12/5/1997 6:29:00 PM
From: Bill Galkowski  Read Replies (1) of 4571
 
<<let's talk price of gold>>

Yesterday (Thursday), they were interviewing a representative of Lehman Bros., on CNBC. I wish I could remember the details of what was said, but I know he did say this, in effect.

If the price of gold (I believe it was around 288.5 at the time) were to freeze at current levels, "it would still need an additional 10% or 15% correction (down)."

He felt that gold was not a good hedge now, nor has it been in the past 20 years.

I cannot remember all his statements, but this is enough to discourage, if true.
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