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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Abner Hosmer who wrote (8259)	3/12/1998 8:48:00 PM
From: Tom Byron	Read Replies (3) of 116770

Tom: The only thing I noted on the money supply numbers is that if one goes back 3-4 months, the inceases over that period of time seems impressive. But, I just no longer know what these number mean to the market anymore. Notice last weeks 3 negative reports from Intel, Motorola and Compaq and the market indexes did not blink. A poster on another site has done a study of past manias and blow-offs and what happened in the past is that during a parabolic blow-off, negative earnings meant nothing. Maybe that is what is going on in the markets these days.

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