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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: goldsnow who wrote (5059)	1/1/1998 5:47:00 PM
From: Bobby Yellin	Read Replies (1) of 116752

Hi- I agree about this sector should not follow classic rule of bottom fishing.. don't you think at this point the central bankers could be even selling the gold to each other so if hedge funds try to come in, the central bankers will play more musical gold.. Also people like Peter M. doesn't care..he is so hedged..he would probably be delighted for the price to fall lower so companies can just come crawling to him. What strong parties can go against the current market forces? I do read the news all the time waiting to read some shift in policy or some shift in perception.. I don't see the USA tanking ...yet..too many undervalued small caps.. if I start seeing the biotechs hitting the sky again, I will become quite bullish on gold. Just realized that even Peter Munk could be selling the gold market short..He has all to gain. He can buy back the hedged position at even much cheaper prices. Currently what does he have to gain if the price starts resuming. Wonder if he could have report it on the company books?

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