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Gold/Mining/Energy : Gold Price Monitor

GDXJ 150.31

+2.0%

4:00 PM EST

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To: MtnBear who wrote (9027)	3/29/1998 6:41:00 PM
From: robnhood	Read Replies (2) of 116927

<<< If you haven't checked, the Gold funds were in the market big time on Thursday and Friday. Weekly>>> A guy that sits beside me and talks to NY a lot, was told that very large buy orders were being entered through several brokers, and set up so that all the golds eg; ABX, PDG, etc. were being hit at once. I assume it was done this way so as to prevent anyone else from hopping on board. The pattern of trading on Friday also suggested large accumulation. Large buying would come in and drive the prices up 1/4 or 3/8, and then a 1/2 to 3/4 hour pause while they backfilled a little, and then boom, again a surge of buying would come in. russell

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