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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Zardoz who wrote (36905)	7/9/1999 9:13:00 PM
From: Hawkmoon	Read Replies (3) of 116756

Hutch, I wonder how many of those oil producers are hedging the heck out of their production right now?? The earnings from that hedging activity at these elevated prices may carry them through the economic shock that I expect later this fall from a Y2K induced Asian crisis of confidence. Then I expect they'll all be producing as fast as their little pumps can go in order to undercut each other. I don't know... just a possible scenario. Either way, that triple top really looks to be presenting an interesting situation on the XOI. It's at an all-time high and trying to decide whether it has legs to go higher. Regards, Ron

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