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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: russwinter who wrote (64834)	3/2/2001 8:59:54 AM
From: Professor Dotcomm	Read Replies (1) of 116756

<I am keying on the A$ & the SA rand> Interesting post, russwinter. Could you walk me through the forex effect again? Am I right in inferring that if these currencies rise against the dollar, there will be less hedging and hence the POG would rise? I thought that because of their increased costs (measured against US$ denominated revenue) hedging would become more necessary not less.

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