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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.28

-0.9%

Dec 1 4:00 PM EST

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To: lorne who wrote (60644)	11/7/2000 8:37:19 AM
From: Enigma	Read Replies (2) of 116791

<<However the practical message that is sent to the market place when these positions are entered is that gold producers believe that the market for their product will continue to decline>> Dead wrong - the producers are hedging (part of) their production IN CASE the price of gold declines during the period - in other words they are securing the price for some of their production.

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