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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.76

-6.4%

Dec 29 4:00 PM EST

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To: C Hudson who wrote (21271)	10/10/1998 12:13:00 AM
From: PaulM	Read Replies (2) of 116834

IMO POG is driven by sentiment, not available supply. Sentiment can be influenced and perhaps controlled, until the supply runs out. Gold is an important market. It's the only money Central Banks can't make out of nothing, and some very powerful figures understand that. Gold isn't a good "trade" right now. Its an investment that's entitled to all the patioence you can muster because the upside is extreme. Think of where the dollar is headed and ask yourself, how many rupiah would I trade for gold? Money is particularly valuable when you are one of the few owning it. When this market turns, it will result in a transfer of wealth beyond what anyone thinks possible. I really beleive that.

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