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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: ahhaha who wrote (12950)	6/12/1998 10:37:00 PM
From: Greg Ford	Read Replies (1) of 116796

Central Banks are causing negative sentiment in the gold market providing speculators the opportunity to push the price of gold lower. The last few days declines can all be attributed to funds selling gold. Producers can also have a profound short-term impact on the gold price by forward selling gold thereby contributing to more gold liquidity. In the long run inflation, value of the dollar, and demand are the key variables. The fundamentals for gold are not bad now; ie demand exceeds mine supply; but it the sentiment and short-selling which is hurting the market. Greg

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