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Gold/Mining/Energy : JAB International (JABI)
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To: blowout who wrote (2112)12/10/1997 2:38:00 PM
From: Ryan Weisman  Read Replies (2) of 4571
 
Don't feel so starved for news... first off, it will come. Second, it takes time. They just started production A FEW WEEKS ago. Do you want them to announce the production from their first day?

POG is rebounding, the markets are dropping, currencies are destabilizing in Asia. People will be running to gold soon, which is a stabilizing force and has been since the dawn of human economy.

I heard a great segment about gold on NPR last night: First off, they claimed that gold has not in fact declined much in the past year, but the dollar is so strong it appears this way. The analogy the expert used was that an oz. of gold will always pay for a fine suit for a man. This has been the case for centuries, and not likely to change.The value of gold is stable, simply the apparent value of currencies that change over time. When currencies seem stable, gold doesn't seem to be a good "currency" to hold; when the paper appears to be worth only the paper it is printed on, gold begins to shine again.
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