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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: d:oug who wrote (42563)	10/10/1999 8:32:00 AM
From: Robert Dirks	Read Replies (2) of 116786

Bill: Right on about Barrick. I just sold my Gold Fund which had 10% in Barrick. I will not put any money into hedged producers. Proof - Look at Barrick stock tanking while Gold is up $70. in 2 weeks..... 1) If Gold soars (which many of us believe will eventually happen), what is the point in capping your profits with hedgers? 2) These forward sales from Miners have been the exact think keeping the POG down over the years - why support them in their misdeeds? 3) Another spike up in Gold over $350. will add a whole new gang of hedged miners to Cambior and Ashanti, IMO now is the time to bail from these wrecks. 4) An organization OGEC similar to OPEC if formed would send the POG soaring immediately, SA would be the perfect country to form/lead this affront to the shorters/bullion-banks/hedgers ET AL. Go Gata ...... Go GOLD ......

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