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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: Gabriela Neri who wrote (16867)	8/29/1998 6:10:00 AM
From: Bobby Yellin	Read Replies (1) of 116790

the good news is that shares prices will tell who is right.. I don't know how many companies you follow and all the statistics you look at for commodities and how many analysts you have to tell you about their individual sectors..AJC does.. My offthewall theory is that the huge market players go on vacation in the summer and help create these major selloffs so when they come back they can load back up..at cheaper prices... Some people are warning that without the banks getting hurt from all the debt default eventually there will be less loans and our economy will slow down.. One would think though that corporate america has never been so strong as the result of low interest rates which appear to have gotten a lot lower,hiring tons of consultants and reducing their costs by not paying benefits,reducing their dividends,floating bonds at low interest rates,and basically "ripping off"(I am dating myself) their employees.. If the war of politics (which is the worse evil greed or power) in Japan comes to an end,and they start to turn around,what will happen then? All the news the market is reacting to is old news..sounds as if we are coming closer to a turnaround while our domestic economy is still strong..why this crack in the stock market didn't happen last year and stay down is beyond me..(although I assume it was a set up to make more money by huge players and to create more fear and trembling rather than just boredom) anyways Russia is rich in resources..if there were a terrible food commodity shortage in the world it might be a different story..(although people are starving in the Sudan etc while farmers are starving because of low commodity prices..nothing like sharing or helping out ones neighbor..not in this narcissitic age..) Japan is scarey..it doesn't have the resources..it also has an aging population..but it doesn't have the nuclear missiles either ..friend suggested the gold shares also got royally hit from margin calls..I wonder how many Canadians faced these margin calls.. Why did the German mark go up against the dollar? Will Germany have to raise their rates to cover their Russian exposure? IF they have to what does that say about the Euro..

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