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Public Heel

01/04/05 10:14 PM

#341224 RE: Zeev Hed #341219

I can see the miners being sold off, but not Gold itself (GLD). That should pretty much follow the $US, and since a big market drop means much less in tax revenues for the Feds (and thus a bigger budget deficit), and will certainly cause the Fed to cut rates, I can't see the $US rising much, if at all.
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JimQuinceH

01/05/05 5:43 AM

#341256 RE: Zeev Hed #341219

<<$41 is an important support for NEM>>

Zeev, My numbers look like $40.12 (give or take 50 cents) on NEM.

Jim