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Gold/Mining/Energy : Gold Price Monitor
GDXJ 92.99+2.9%Nov 7 4:00 PM EST
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To: Enigma who wrote (48054)2/5/2000 9:00:00 AM
From: Ken Benes  Read Replies (2) of 116753
 
What is more interesting. Most of the commentary concerning the pdg position on hedging referred to the enormous amount of new supply this practice has added to the market. The net result of the hedging, the producers drove down the price of gold to unrealistic levels in their clumsy attempts to protect themselves from low prices. Double Density could not grasp this phenomenon, how about enigma.

Ken
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