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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: goldsnow who wrote (14676)	7/19/1998 2:28:00 PM
From: James R. Barrett	Read Replies (3) of 116764

>>"The only reason POG is down (unlike oil) is a raging Bull Market fueled by strong dollar..."<< If that is true then why aren't the Asians buying gold? They are not exactly having a Bull Market. >>"Do you seriously believe that in an inflationary enviroment, (commodities up), the Dollar would retain it's strength? "<< Of course not, but dollars invested in commodity stocks would increase in value during an inflationary period as would gold. The only question is which one would increase in value the most. One major problem with gold is that no one is worried we will ever run out of it. Jim

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