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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: Bobby Yellin who wrote (14446)	7/13/1998 7:01:00 AM
From: long-gone	Read Replies (1) of 116756

Bobby, the short term trader might just be wrong. I admit it, I'm viewing this conspiracy thing a little on the big side right now. He could well be right. What I'm looking at is that unchanged + losers less than winners for last week. What he has going for him is the great amount of stupid money willing to buy at top and support the growing bubble. I am simply shocked by the number of people out there who are slamming money into S&P index funds every week without reguard to valuations. I've heard, of late, people saying these Lies on the radio talk investment shows: 1. The S&P has always gone up over a 5 year period 2. The DIJA will be higher in 3 years 3. The US dollar will never get weaker 4. Gold will provide no protection if the dollar gets cheaper 5. The DIJA has always gone up over a seven year period These sort of things are simply too self serving. rh

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