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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.75

-0.9%

4:00 PM EST

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To: baystock who wrote (15982)	8/16/1998 9:52:00 PM
From: Daytek77	Read Replies (1) of 116897

I am not advocating that you or anyone else for that matter buy junior gold companies. I have purchased junior companies in the past. They are not an area where one can profit at present however, I suspect they will provide abundant profitable opportunities in the future. I disagree with your premise that juniors are not entitled to exist. As for gold being a conservative investment, I could not disagree with you more. Gold has been in an 18 year bear market with no end in sight. Central Banks around the world don't want it and it is readily sold in distress cases ranging from Korea, Russia et al. Gold is a hedge and negatively correlated to the stock market, but Gold or Gold stocks have hardly been a conservative investment.

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