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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: Crimson Ghost who wrote (5502)	1/9/1998 4:02:00 PM
From: philv	Read Replies (3) of 116756

George S.Cole: In that gold is reacting opposite to expectations based on tradition and history, leads one to speculate as to manipulation. But every argument trying to explain the POG has its flaws. Central Bank selling as it turns out has not been unusual this past year, and demand is up some 16 percent. Yet the price is down in the midst of the most severe world-wide financial crisis in recent memory. It is this mystery, contradiction, that holds most of us, and from it springs the hope that eventually things will be corrected. But in the meantime, much damage is being inflicted. Hopefully we will all be around when the dust finally settles, and I for one will have this great mystery answered. But my fear is that I won't like the answer. Phil

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