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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: lorne who wrote (36776)	7/7/1999 6:20:00 PM
From: John Hunt	Read Replies (1) of 116789

Australia's Perilya Mines closes 45% of its forward gold sales contracts (Kaplan) << Though the media are loudly proclaiming the death of gold, gold miners know better. They are taking advantage of the current low prices to buy back their hedges previously sold forward. On Wednesday, July 7, 1999, Australia's Perilya Mines closed out 45% of its forward gold sales contracts, realizing a profit of 2.6 million Australian dollars. >> goldminingoutlook.com

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