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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Alex who wrote (60429)	11/2/2000 2:36:43 PM
From: goldsheet	Read Replies (1) of 116764

I have never understood why the Australian insist on hedging in $A when gold is tradded worldwide in $US. They tend to hedge near $A500, which has worked well in the past, but with the $A near $US0.52, gold is at $A520 the-privateer.com Anyway, with a weak $A these firms are making good profits and some (Goldfields, Sons of Gwalia) are close to 52 week highs on the ASX. au.finance.yahoo.com

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