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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.30-0.5%Dec 12 4:00 PM EST
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To: pater tenebrarum who wrote (56184)7/13/2000 1:51:29 PM
From: Rarebird  Read Replies (1) of 116814
 
Heinz, I'm quite sympathetic with your argument. Sure, it's wildly bullish for the POG and gold stocks if these hedges are covered. The question - and I'm not being naive here- is why are these hedges in place? Are some of the producers correct in being bearish, given the strength of the dollar and the equity market? Or, are some of the producers in bed with the CB's and some of the money center banks, who are clearly out to keep a lid on the POG?

I think these questions have to be tackled on a case by case basis when we talk about the producers.
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