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Gold/Mining/Energy : Gold Price Monitor

GDXJ 104.50

-2.0%

4:00 PM EST

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To: Enigma who wrote (56026)	7/11/2000 9:08:12 AM
From: Rarebird	Read Replies (2) of 116798

< Your not reading my posts! ...however, I fail to see or remember when producers go long gold... Producers rarely go long gold..... I do read your posts. But the Producers do go long gold (at times) and there are methods where they indicate their bullishness: Producers can purchase shares of their own company, which is strongly bullish. They can also go long gold futures, and cover any outstanding hedges (i.e., cover short positions in gold futures). They can of course do more risky strategies like selling puts or buying calls on their own stock but they usually leave that to the high techie boys like Microsoft. We live in a sea of derivatives, Enigma, and many of the big producers or commercials are immersed in them.

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