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Gold/Mining/Energy : CDN. MOMO PUPPIES
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To: The Osprey who wrote (9486)9/28/1999 6:22:00 PM
From: SwampDogg  Read Replies (2) of 36688
 
You see these daily spikes can be meaningless if for instance AU went back to where it started the week in the next couple of days. I do not think that this will happen but it proves a point about the T/A.
Most senior producers are hedged below this price for most of their production for the next couple of years. I do not see how it can settle in the $325-$350 range. My feeling is more in the $280-$295 range until the Spring when I think it will head down again...
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