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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

Dec 1 4:00 PM EST

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To: Richard Mazzarella who wrote (13926)	6/29/1998 7:46:00 AM
From: Henry Volquardsen	Read Replies (1) of 116790

A weakening Rand keeps downward pressure on gold. South African mines costs of production are in Rand and as it weakens their dollar cost of production goes down. This will keep their mines profitable at lower dollar/gold rates. This will delay any mine closings.

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