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Gold/Mining/Energy : Gold Price Monitor
GDXJ 89.99+2.8%Nov 5 4:00 PM EST

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To: Alex who wrote (48024)2/4/2000 9:38:00 PM
From: Greg Ford  Read Replies (3) of 116752
 
My sense is that many factors affected the gold price today. They are in no particular order:

1. Ashanti lawsuit
2. Concern re bond market
3. Barrick results (they are phenomenal)
4. PDG announcement
5. Hedge buyback, maybe Harmony
6. Technical signal, ie break of 292

Sure seems to put the pressure on ABX. Gold forwards are loose however. Expect to see Echo Bay, Kinross, Battle Mountain and the Australian's hedge.

Greg

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