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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Zardoz who wrote (34545)	6/3/1999 4:49:00 AM
From: Zardoz	Read Replies (1) of 116786

"I can see that maybe it'll be a lower POG yet to come, since London is the larger market, and relative to the Pound the Price Of Gold has not had a second bottom. If we assume that the Price of gold in pounds will reach a bottom at 162.5, and that the US Dollar will achieve 0.630 GBP/USD or more in the follow few weeks, then we can suspect that GOLD will reach around 162.5/0.630 := $258 US/Oz. But this is really based on whether the US dollar can continue it's climb relative to the pound. I think with the economics in the UK, this is almost a guarantee." Getting there... Guess when it does I'll ahve to buy. YUK. ca.finance.yahoo.com And if what Robert is correct: #reply-9914522 then it my prove to be a bottom, or at least a bounce.

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