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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST

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To: Ken Benes who wrote (43267)10/18/1999 5:40:00 PM
From: d:oug  Read Replies (2) of 116753
 
Ken, I just read a post on this thread, submitted 2:40 pm,

Message 11627553

that has a news release on HM reducing its hedging stuff.

Just so long that the price of gold will not be manipulated under $300 again
I will predict that HM's strategy is a safer one than ABX's.
Since I do not know this technical heaging stuff I have to view things in terms
of history's stories of mankind where lots of smart men tried to out smart
each other, and in this group of highly educated and very smart men
there will be loosers and winners.

So far the last 120 days has HM and ABX identical. In the next months
ABX will move away from HM upwards if the story they have given their
shareholders is true, or down if false. This assumes price of gold is above $300.

(120 day comparative graph)

siliconinvestor.com

just my feelings based on what i read on this thread

And it don't take a rocket scientist to understand that those who have in the
past manipulated the price of gold have put in an extra effort to "show" those at
the Denver gold gathering that gold is not worth much over $300.

All expected by GATA, and they already had in place counter moves.

GATA put up some cardboard tanks.

doug
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