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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Cascade Berry who wrote (224)12/6/1997 5:59:00 PM
From: Zardoz  Read Replies (1) of 3558
 
I think a lot of people miss that fact that GOLD as a price has gone up in value in the vast majority of countries. In which case it's the US currency and the accrued interest from T-bills that is making the decision for countries like Australia. If you priced gold in Yen you would've noticed a increase in Gold pricing. When currency deflation starts to hit the US {and it will, as it hit Japan in 1994, Germany in 1992} than you will see gold to start to rise. Gold is undervalued at todays price by as much as $15USD. So I'm interested in speculating in DEC ABX CALLS. {but I haven't priced them yet, as DEC is a tough month to buy options}

Maybe I'll buy JAN's.
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