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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Ken Benes who wrote (37797)	7/26/1999 10:51:00 AM
From: long-gone	Read Replies (2) of 116762

<<Any wonder the price of gold is so low and what are the prospects of a rally. With NEM hedging at a 20 year low, whatever supply has been taken out of the market by closing mines, it has been replaced. It is not about manipulation by bankers, but rather the lack of sophistication by the producers and their lead me to the water mentality that has doomed the gold price.>> Ken, I can't figure why you are looking at it only one way. Yes, NEM said they were going to start hedging, did they say anything concerning direction?

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