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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: long-gone who wrote (69357)	5/17/2001 6:40:15 PM
From: Broken_Clock	Read Replies (2) of 116753

Richard, Sorry if I seemed a little facetious on my previous post. However, booked profits are profits. Lost paper profits are dreams. I've learned that lesson the hard way. -g- Yes, NEM does better if POG hits $275 and if they sold forward all 5 million ozs. tomorrow this rally would be crushed. The average selling price is what counts. NEM does not hedge. Likely they sold as much at 255 as at 275. NEM cranks when POG consistently holds at $325+, as do the other producers. There is still a lot of hope in the bugs, maybe that's why I don't see the final bottom yet. BWDIK?

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