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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST

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To: Hawkmoon who wrote (29848)3/12/1999 9:29:00 PM
From: Mark Bartlett  Read Replies (2) of 116759
 
Ron,

<<Someday maybe you'll understand that human psychology is the
primary drive in achieving confidence in the financial system.>>

I think even the biggest moron on the block realizes this .... but the problem has been, and will continue to be, those periods when that confidence is so eroded, people look for something real to protect their $$. The fact that there have been recent shocks to the system, followed by increases in the price of gold, suggests there are still some that believe something real (like gold) does have a role to play.

Some may choose to rely on derivatives .... but if the system really goes bad ... these will likely be worthless.

MB

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