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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: pater tenebrarum who wrote (55821)	7/6/2000 10:08:38 PM
From: long-gone	Read Replies (1) of 116807

<<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. >> But "the practice" & or the creative use of puts & calls is all that is keeping some of the small ones alive & kicking. Should we all be reminded Standard & Poors (S&P) issued a public statement in which they said they would downgrade the debt rating of all producers which did NOT hedge! Is this BS Manipulation from on high - Why do I even ask this question again? I never saw anything from S&P that changed the practice. When one looks just one scratch below the surface - there is far more dirt that can be piled on the hedged or lightly hedged producers or than all them move & dig together.

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