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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.68-0.3%Dec 5 4:00 PM EST
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To: long-gone who wrote (55813)7/6/2000 10:01:37 PM
From: pater tenebrarum  Read Replies (2) of 116798
 
it tells only part of the story, but an important, and quantifiable part.

some gold industry executives have realized what a game is being played and consequently refuse to play along..but we'd need the whole industry to foreswear the practice. that would remove a lot of pressure from the market.

i recently looked at Cambior's latest quarterly report...they still carry a 21 m. hedge book loss with them...and you know what, they have learned nothing...fully hedged again, at slightly higher prices.
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