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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Zardoz who wrote (10500)	4/23/1998 2:53:00 PM
From: Bobby Yellin	Read Replies (2) of 116759

you might be right..you might be wrong wondering if utility average will also give us a clue.. seems interest rates have been a major rationalizing reason for astronomical pes ps..I think you are wrong ie..no more fear of Central Bank selling (geez Germany's holdings look measly compared to equities here) (article in Barron's about mergers aren't always being successful might cool some optimism) (Clinton apparently now focussing on social issues rather than on business side of economy) (speculation finally in small caps) (more mines having closed and companies going bankrupt in resource sector) (Placer putting up a lot of money for exploration in another junior) (possibly mining companies not mentioning further hedging..or at least I haven't seen them announce taking new positions) (possibly beginning of new wave of axing) (Japan backed into a corner ..etc

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