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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 (48065)2/5/2000 10:16:00 AM
From: russwinter  Read Replies (2) of 116753
 
"if we get a quick run to $400 I see hedging starting all over again"

Of course one scenario in a quick run will be the final curtain for companies like ASL and Cambior (and others?) as well as about half the marginal Aussie producers and trading desks that arrange these strategies. If so, the whole hedging strategy will be so discredited that capital sources (banks always fight the last war) may actually require developers NOT TO ENGAGE IN FORWARD SALES beyond say six months production, and certainly avoid call writing totally.
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