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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.81

+0.9%

4:00 PM EST

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To: dwight vickers who wrote (28396)	2/16/1999 12:57:00 PM
From: long-gone	Read Replies (1) of 116762

<<Thanks for your opinions. One would think with a sharp move like that we would have a more visible reason. Knowing that they are still pushing the tired "Buffett selling silver" rumor, probably says all we need to know. Any breakout in gold and silver would be a very serious problem for confidence in the system.>> my opinions, well you know what they are the same as, and everyone has one of those also. I don't think so about the "serious confidence problem". I think we could see a move back to $320(&and we will soon) and hurt no one but the shorts. as for silver, I think it is now untied from gold & we can see the move to $8.00+ strictly on strong demand. what brought me to the Silver thing was the big demand I was seeing for Jewelry of silver. This year at X-Mas a hot item at Target was thin silver plated plastic vases & junk. One thing for sure, this market is going to bounce like crazy! one day silver will be hot, the next gold, the next - who knows.... but note, today YHOO is lower again. the Internets are coming down to earts, and the money will go somewhere.

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