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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

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To: Terry Rose who wrote (21072)	10/7/1998 10:14:00 PM
From: PaulM	Read Replies (2) of 116795

Terry, quite a currency, this dollar. The price of a Toyota went up 10% at one point today. (Well, OK, not if its made in the U.S.) But I wonder if anyone realizes the implications of what's going on. Since I don't see overwhelming pro Japanese sentiment, the unwinding of a short position seems the only explanation. I suspect that before gold positions are unwound, we'll see some weird antics from the usual suspects. Lots of negative gold news to come. Wound't surprise me a bit if Greenspan soon suggested the U.S. should sell gold. Or that someone else should. Or that gold causes heart disease.

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