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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: goldsnow who wrote (6732)1/25/1998 5:17:00 PM
From: D LEE  Read Replies (3) of 116756
 
These thoughts are "Between The Lines",
(and this thread grows too quick to read!!)


Wasn't it something how President Clinton's personal trouble
raised the price of the junior gold mining companies 10% Friday?
I think it causes insecurity about how well his name can contribute
to the present worldly effort in keeping the various economies
stable.

I have been interested in the mining companies for a couple
years on thoughts of a possible "flight to gold", more so
since the little mid October shakeup, more so since world
banks are showing their troubles, and more so since this
is my first sign they will respond well when investors
change their minds and rush into hedging positions.
The change can come practically overnight, but who knows when?

But I do know the springs are tightening, and even feel the
Roth IRA has been introduced to encourage investors to
keep their money in the market. The government will get the
tax money up front while tempting investors with hope into
an overall long term loosing market (I'm guessing here, but
think it's a good guess in that the government heads know more
than we do, aren't about to lead us to money, and the Clinton
slip let me see a card in their hand. Again, I'm guessing,
but it looks like hidden truth to me. The gold related market
is unnaturally down at this time.

How long before the truth will out? I don't know.
Just chatting!

Dave
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