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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.98

+0.2%

Dec 4 4:00 PM EST

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To: bobby beara who wrote (12477)	6/1/1998 8:20:00 PM
From: Bearcatbob	Read Replies (2) of 116795

Bobby, As I ponder my losses in the gold market i think back to the oil debacle of the 70's. The oil price did not revive until many of the smaller companies went bankrupt and a lot of the Southwestern banks with it. Perhaps we need a wash out like that. Even then the oil price is back in the tank. One of the big price drivers recently in both oil and gold was purchases from Asia. Now they are too broke to buy either. I think this is lot Clinton -less rather than more, later rather than sooner. I think it would take a democratic take over of the US House to change the current strength of the dollar. Gee, maybe I should vote for the democrats to end this financial responsibility that has over come this country and get the gold price moving. Thread thoughts please. Bob

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