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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: long-gone who wrote (20434)	10/2/1998 1:35:00 PM
From: PaulM	Read Replies (2) of 116892

"weakening dollar, falling stock markets and short covering by... hedge funds" biz.yahoo.com P.S. My guess is that the big players--goldman et al.--won't enter the gold market on the long side in any significant way. The bailout of LTCM and other hedge fund positions implies that markets must be manipulated. In the interest of "orderly liquidation." The war now will be between small buyers and foreign central banks buying on the one hand--and the FED squad and the dollar block (UK, Canada, Australia) trying to keep things from falling apart at the seams on the other. With the dollar losing its reserve currency status in much of the world, this is one game the little gold buyers will win.

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