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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Crimson Ghost who wrote (5582)	1/10/1998 2:58:00 PM
From: Broken_Clock	Read Replies (2) of 116756

I agree George. I am leaning to the opinion that anything(crisis) at this point could start to unwind the dollar very quickly. Even if the XAU hits 50, that isn't much downside risk from here. It's time for me to average in to a load of leaps(IMO). The longer the delay in Gold's rebound, the quicker it will happen when it does come about. I am also long SWC. I figure by this time next year I will have outperformed the S&P by a mile. Much less a 5% CD. There are producing gold juniors selling at or below book value.When gold recently rose to 298 then came back down these companies wouldn't drop any further. Nobody is selling at these prices. The bulls have dug in and are holding out.Or, so it seems! dave

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