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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Bobby Yellin who wrote (5129)	1/3/1998 9:20:00 AM
From: J. Nelson	Read Replies (2) of 116759

B.Y. That may be very close to fact on a 1998 range of 30% for the run from 270 to 350 over the year. Who would pay more than the 350 and why not allow the base of 270 to be the low point? We did hold 256 for how long of a time ? ? ? years. With a high point of 500 on the move down from 800. That move was 60% down and the turn for the low back up in one year may be a 30% range. The only question I have is what will it take from the Governments of the world to make the move from 270 to 350???? Was it not allways that Gold moved with fear of loss in time of war? Now we need to look at the cold wars of paper money and value of countrys v/s the hipe of death-con 3 to 4..... Time will give us the first round of play early this year and from that start we should see the game plan of the key players. Regards, Jim... P.S. a move from 270 to 375 is only 40% and not a bad ROI if your looking for gains of 40% for the year to lock in on a investment. What fund would be pleased to give back just 30% for one year to it's investors?? Just about all of them.

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