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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.59

+2.2%

4:00 PM EST

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To: bobby beara who wrote (11876)	5/18/1998 9:47:00 PM
From: Terry Rose	Read Replies (1) of 116825

bobby, I think that your theory is very plausible. I would personally like to thank them for a once in a lifetime opportunity. I also feel that the EMU wants to be top dog and that a large gold reserve will seperate them other currencies. In essence they are going for the gold. Once you add Switzerland and Great Britain to the fold they will represent a very powerful force. Some financial giant (individual or group) has to be following Buffet's example in silver and is currently accumulating gold at fire sale prices. I think that the central banks must see this coming and they will hold on to their reserves to benefit (along with us) when gold blasts off. The central banks will make a mint as lease rates and the POG takes off from the short squeeze. The key to all of us is to be patient and let this play itself out. Also, we need to be somewhat aggressive on any major dips. Terry,

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