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[sharechat] Gold up 8 dollars!!

From:	"nick" <helmett@xtra.co.nz>
Date:	Wed, 6 Feb 2002 07:14:27 +1300

Very unusual to see Gold rise 8 dollars in one day. There are serious worries developing that equities can no longer be trusted, after Enron and possibly Tyco.

After sept 11th there were rumours that companies were putting a rosy glow on things to avoid mass panic, the accounting juggling may be coming home to roost. When you consider the drop in profits, in real terms US equities are valued higher in real term than they were at their peak. It is little wonder that gold is being seen as a safe haven.

Alan Greenspam

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