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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

4:00 PM EST

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To: Bucky Katt who wrote (8861)	3/26/1998 1:05:00 PM
From: Casey	Read Replies (1) of 116752

Wating for the final fool. Provacative stuff. canoe1.canoe.ca "Robert Hoye, a Vancouver-based market historian and publisher of Quantum Research, says the present financial market bubble has so far followed a predictable path. Last summer's correction among smaller (especially Asian) stock exchanges, lasted until early this year. Typically, the selloff in smaller exchanges presages a last sharp rise across all markets - something that appears to be happening now. Hoye says the final correction is fuelled in part by the contraction on lesser exchanges, which reduces the amount of credit available for speculation, and in part by a slowdown in the global economy eroding the value of stocks trading on real earnings. If history should repeat itself, the current runup to record territory will last until between mid-April and mid-May. "

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