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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: John Hunt who wrote (30387)	3/21/1999 1:57:00 PM
From: Alex	Read Replies (1) of 116796

<<Morgan Stanley's Barton Biggs seems to think it's all connected with America's need for instant gratification - sports fans and market fans want instant and continuous action and don't care enough about truth to tolerate delay caused either by more accurate refereeing or security analysis. ''The history of financial markets is that manias, extraordinary popular delusions and the madness of crowds end in tears, not because the world doesn't progress but because human nature doesn't change,'' says Briggs.>> theage.com.au

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