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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: bobby beara who wrote (11456)	5/9/1998 10:06:00 AM
From: Crimson Ghost	Read Replies (1) of 116845

Bobby: I tossed that $100,000 credit card application out within seconds after reading it. I have 2 cards with $5000 limits. Plenty for me. BTW, these credit card companies are not stupid. I normally charge just $100-$200 per month. But when I moved to Florida late last year I charged $4,000 in a week. And since that did not fit my my profile, the credit card company double checked to be sure it was me before allowing any charges above $3,000. Lots of folks must be maxing out on their own or other people's credit cards. One thing about this gold bull now obvious. We will indeed be going much higher, but there will be a severe reaction after every leg up. Unfortunately, the term "mild correction is an oxymoron when applied to gold. When the US stock market finally tops out (by summer methinks) do you see a crash, a long bear, or some combination of the two? Bill Fleckenstein anticipates a combination of the two similar to Japan in 1989.

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