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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: Enigma who wrote (18331)	9/10/1998 12:47:00 PM
From: gregor	Read Replies (2) of 116753

enigma: The dow 50 day ma has not crossed the 200 day ma yet. That to me is incredulous; but it shows me we have a lot of technical events to go. Do you feel the rally in gold today is more because of the Clinton impeachment prospect, or Brazil, or oil inventories shrinking, or all the above; I feel all the above. Interesting to note that the end of the 73 74 bear market came 30 to 60 days after Nixon resigned: which brings to mind from a political view Clinton would want to resign B/4 Nov elections if he is to resign. My way of thinking he will not and feels if he can get by or string out impeachment hearings until after elections he is home free and will survive: and if he survives the stock market may avert a complete meltdown, at least on the order of 1974.. .gregor

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