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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: goldsheet who wrote (48542)	2/8/2000 6:42:00 PM
From: lorne	Read Replies (1) of 116759

Hello Bob. Got a question for yourself or anyone. Why is it that when the worlds largest gold producers Anglo & Goldfields announced that they were getting out of the hedging and forward sales business there was hardly any change in gold prices. Then on the other side of the world we have 2 fourth place world gold producers Placer Dome and Barrick making announcements in regards to there hedging positions. One of them makes an announcement that appears to be against hedging and the POG moves up twenty some bucks. The other makes an announcement that appears to favour hedging and the POG drops back down. How can 2 Canadian gold companies have this kind of opposite affect on the POG while the worlds largest producers have no affect. And most important why so much hype ??? Lorne

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