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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

Dec 17 4:00 PM EST

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To: Gabriela Neri who wrote (5931)	1/15/1998 12:47:00 AM
From: Terry Rose	Read Replies (1) of 116815

Gabriela. I bought some Citicorp leap puts last year, because I thought rates were going up and this would hurt their bottom line. Rates went so far down that I suspect that they are also getting hurt. On Monday I closed out half of my position at a near 100% profit due to the nose dive in this sector. I profited for the wrong reason. I invested in gold stocks due in part to a meltdown in Japan, so far it hasn't quite worked out the way I planned. I quess when gold moves back up it will be for the wrong reason again. Some on this thread now predict that gold will rebound when Asia recovers. Go figure.

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