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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: Alex who wrote (4097)	12/10/1997 9:52:00 AM
From: Bobby Yellin	Read Replies (1) of 116871

Hi - If Searle on the gold scrolling forum has been correct..he has been looking at weak dollar to turn gold..(I think that is what he has been writing).. this could be the beginning.. also huge amounts of money have been coming into mutual funds..just heard a billion a day for the past three weeks..if the market can't fly with those positive money flows and positive time of the year.. watchout.. also the brokerage backing down from buying H& Q suggests that maybe people are realizing that money will no longer flow so much into new high tech equipment but remediation for year2000..that is people..not hardware..(Oracle's latest release might be the beginning of the tip of the iceberg) anyways..if Japan really floats those bonds..if their fed has so much cash..swish...people can get out of dollar and go the Japanese root?..even if Japanese doesn't dump US bonds..if the dollar starts to devalue..other people might sell US bonds to avoid currency depreciation.. anyways..maybe this is signalling beginning of gold rebound.. we all haven't seen anything about US selling their gold.. remembering again and again that Rubin didn't want US to put social security fund into equities..also Rubin didn't want us to sell gold for IMF funding(hope somebody can double check that) bobby

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