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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: Wizzer who wrote (14620)	7/18/1998 8:47:00 PM
From: long-gone	Read Replies (1) of 116762

Wisam. thanks for the input.POG is just jumping to much to not have something going on. You know, if the US wanted to "help" the IMF, the would simply buy gold on the open matket, thus increasing the value of any gold the IMF wishes to sell, this would also (in the short term only) reduce the value of the US dollar, and make our export products less expensive. In the(very slightly) longer term, it would turn around when the world once again comes to its senses and understands the value of gold, and I think that would not be far off IMHO. rh

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