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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

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To: Zardoz who wrote (69839)	5/21/2001 8:35:56 AM
From: russwinter	Read Replies (1) of 116764

<hedgers can sell into any rally > Very unlikely hedgers will sell much into this given that contangoes are still a mere 1 3/4%. The pressure continues to be on them to buy or close out due to the delta equation. Hutch, you obviously haven't done much (any?)homework on black box theory?

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