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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

Nov 6 4:00 PM EST

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To: Alex who wrote (4393)	12/17/1997 2:49:00 PM
From: Bucky Katt	Read Replies (4) of 116752

Friday is a triple witch, so some of the rise may be position adjustments, or maybe this is a real move. There is some trade talk that this rise is due to some short covering, using the Japanese news as a cover. Who can tell anymore what is really going on? As I said before, the holdback to gold is the strong dollar. Look what a small rise in the Yen has done.

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