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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: John Hunt who wrote (33866)	5/14/1999 8:52:00 AM
From: Zardoz	Read Replies (2) of 116790

"All I know is that you short things that are high and buy things that are low and gold is too far off its $800 high (65%) for me to short." If Gold is a storage of value, then you need to compare the economics of then to know. A shorted stock at $270 dollars can still go lower. It's really irrelevant to say $800 or $270, only up or down. Gold has no growth. Wonder if the little GREENY is going to raise? OT: Inflation was here, always has been here, those that understand monetarism know, even if they don't agree. Lower excess M2/M3 and true inflation starts to show. I still stand on my opinion that Greenspan was wrong to lower. Have a profitable day ALL

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