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Gold/Mining/Energy : Gold Price Monitor
GDXJ 150.42+2.0%Jan 28 4:00 PM EST

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To: Don Green who wrote (17647)9/5/1998 5:49:00 PM
From: Terry Rose  Read Replies (1) of 116928
 
Don, I guess you plan to stay on this thread for a while longer, so at least try to make a point. The endless babble that gold is in an 18 year down trend has been noted ad nausuem. Seems like the same thing could be said about the demise of the Japanese stock market or the never-ending bull market in U.S. stock market which has occurred over the same time period. However this is past history and has already been factored into the equation.

The risk of deflation is definitely one of the reasons for the drop in the price of gold. Now if you really are convinced that deflation is imminent and will bring the gold price to 200$ how can you stay in U.S. stocks which will get ravaged by said deflation? At least gold eventually does well in periods of deflation.

Terry,
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