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

To: long-gone who wrote (89808)	9/20/2002 11:49:11 AM
From: Real Man	Read Replies (2) \| Respond to of 116825

If we are following the 93 gold bull pattern, then there is a summer correction ending mid-September, with the rally resuming mid-September. We'll see what happens now. Of course, the strength of USD might be the issue also. If gold miners account for 1/2 of total gold demand (covering hedges), it will be awesome. ABX and PDG alone can well make 15% of world gold demand this year. It's like they won't be producing any gold at all, maybe just buying. LOL! And the miners aka commercials are supposed to know the market best. I'm not sure what the other "commercials" - the bullion banks in the futures pit - are doing...