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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.68

+5.0%

4:00 PM EST

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To: Alex who wrote (49282)	2/17/2000 11:57:00 PM
From: John Soileau	Read Replies (1) of 116753

Maybe a change in accounting standards will have a salutary effect on hedging. Check out this site fm.co.za <<What seems to be underway is a sea-change in industry and investor attitudes towards hedging that could soon be formalised in terms of new accounting systems designed to show the real effect on company income statements. "Nobody really worried about a gold mine's hedged position until Ashanti happened. Changes underway to the accounting codes in North America will require companies to reflect the hedge book position in the income statement. Maybe then investors will become fully aware of the costs involved," says Swanepoel. >> John

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