Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Peter V who wrote (13237)	8/28/1998 2:17:00 PM
From: chester lee	Read Replies (1) of 18691

Peter, WHile I can't comment on the stock, I will say that the spot price of gold is at a "X" year low (sorry I can't remember what I heard on the news this morning). The reason is speculation that Russia will be SELLING large amounts of gold to raise cash. Gold is a classic supply and demand commodity. If the Russians are increasing supply, with a constant demand, prices must fall. Thus, gold stocks will also suffer since they can't lower production cost. chester

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