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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (61292)11/24/2000 4:24:54 PM
From: Alex  Read Replies (1) | Respond to of 116759
 
<<Despite all the bad news, the yellow metal continues to have its staunch supporters. Because gold “has a 5,000 year track record as a monetary metal, it would be foolish to presume that the current situation will persist forever,” observes Kaplan. He notes that gold still has one all-important believer: Alan Greenspan, chairman of the Federal Reserve, who is said to be a keen observer of gold trends. Kaplan suggests it is possible that a convergence of adverse economic conditions — rising inflation, stock market stagnation, and high oil prices — could soon pick gold up from its historic lows. “There is an old saying within the commodity industry that nothing cures low prices like low prices,” he notes.>>

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