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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

4:00 PM EST

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To: d:oug who wrote (49114)	2/15/2000 10:14:00 PM
From: lorne	Read Replies (1) of 116943

Australia's Normandy says not currently hedging in gold market Sydney--Feb 16--Australian gold producer Normandy said Wednesday it has not entered the gold market for the past 2-and-a-half months and is unlikely to conduct hedging at current spot gold prices. While there is no outright decision to change the percentage of gold reserves the company has hedged, Normandy is continuing to favor options over outright forward sales, executive chairman Robert Champion de Crespigny said. (Story .24366) crbindex.com

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