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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: The Street who wrote (66319)	3/21/2001 9:15:55 AM
From: Hawkmoon	Read Replies (2) of 116764

if Gold moves 12% then Gold Stocks will move 100% or more Maybe those which have less aggressive hedging programs, or who are completely unhedged, but those companies took the greatest risk, suffered the greatest selling pressure, and should see the highest returns from a rise in the price of gold. However, those who have sold forward are already factoring in steady revenues and earnings from their long-term contracts. A rise in the price of gold does little to change their fundamentals until it becomes obvious that it's a long-term rise they can justify not selling forward into.

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