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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: long-gone who wrote (13539)	6/19/1998 9:19:00 PM
From: robnhood	Read Replies (3) of 116853

<<< So what today's gold lie that caused the drop in POG at the close?>> Richard,, The market towards the close on yen and gold acted IMHO, like a lot of shorts wanted to be written as low as possible.. On gold they failed .. I think it closed up $6.30, only 70 cents off of it's high of the day, although they tried to knock it about another buck lower..It was also interesting to me how abx which was on a reluctant rally all day, then became reluctant to drop when they tanked gold just before it closed, at about 2.30... Abx came off near the end of the day , I think mostly because there was a large sell imbalance at the close which had to do with the witch... russell

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