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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: Zardoz who wrote (23479)	11/27/1998 7:09:00 AM
From: Mark Bartlett	Read Replies (1) of 116796

Hutch, <<Today or Monday, the XAU will confirm a break out of it's pennant downwards.>> All I need to know, to know the price of gold is going to come under pressure, is to see the the DOW et al back to ridiculous levels. The FEDS will want to defend their stupidity - hence attack gold. If there is any truth to the fact that the Feds arranged the gold bailout of LTCM, then we know the "free" markets" are no longer free. In this scenario, long-term history can not be our guide ..... we are subject to the whims and fancy of a few individuals that have attained enough power to do with the system what they want. Will that last - I do not know .... but as long as it does, gold will be ....... shall we say... guided along .... and tainted as an asset of last resort. If this sounds to much like a conspiracy theory - so be it .... the pattern has happened so frequently in recent times, it is almost too predictable. MB

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