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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.04

+0.4%

Nov 11 4:00 PM EST

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To: robnhood who wrote (13565)	6/20/1998 7:41:00 AM
From: Gabriela Neri	Read Replies (1) of 116753

Yes, that divergence between the POG and the XAU is definately saying something Kaplan thinks it gets resolved by stocks catching up. I am unsure. Either the stock buyers are too skeptical and it represents a great buy, or they are dead on and this POG rally has no legs. If the latter is the case, POG is in for some big time trouble after this rally phase. I am unsure at this point, but I peeled off some long call options on the POG which I owned. Waiting for silver to make a move towards 5.80-6.00 to sell some owned long calls on that one.

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