Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

4:00 PM EST

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To: Crimson Ghost who wrote (5062)	1/1/1998 6:34:00 PM
From: John Stopforth	Read Replies (1) of 116753

George, you said: The nice thing about the current gold situation is that prices have been driven so low that huge gains are possible without the yellow having to challenge the $400 line in the sand. Again I agree with you entirely, the price of gold and gold stocks are much closer to the bottom than the top and now is a good time to nibble. I bought WIM on Toronto a small gold producer which is losing money (or will be losing money, they have hedged for 1998) for gold below $302 US. The stock was trading at $1 cdn one year ago and is now trading at $.35 cdn. It will be interesting to see if gold breaks its previous low of $381 (I think) in the next week or it has a higher low. John

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