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

To: IngotWeTrust who wrote (6512)1/22/1998 2:50:00 PM
From: JD  Read Replies (1) | Respond to of 116836
 
Anyone notice todays POG trend.

It was riding nicely at around 294 (up around $2) all day and then from noon on it went straight down to close at just over 291 (down around $2).

Can anyone shed light on a reasonable market explanation for this or should I just give in to the skeptic in me and assume it was a coordinated manipulation by someone that doesn't want it to take off just yet.....

JD

PS Sorry to clutter up the thread with so much talk of yellow metal ;-)



To: IngotWeTrust who wrote (6512)1/22/1998 4:08:00 PM
From: PaulM  Respond to of 116836
 
O 49 er that's my take too. I expect AU to $350 in "orderly fashion." Will reassess mkt at that time (i.e., whether the dam is about to burst).


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