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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

Nov 6 4:00 PM EST

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To: lorne who wrote (72990)	7/7/2001 10:46:10 AM
From: Rarebird	Read Replies (4) of 116752

What good fundamental reason is there for ABX not to hedge? To bail out "gold bugs" who have been long gold stocks for over 2 decades? Do the "gold bugs" understand the fundamentals of the gold market better than ABX? Please don't make me laugh. Hedging has its place, especially during a Bear Market. The time to cover hedges is when you get confirmation that a Bull Market has begun. You think ABX is stupid or married to these hedges? In contrast to gold bugs, ABX takes the strength of the U.S. Dollar seriously. You disagree with ABX's opinion on the Gold Market? Go buy more unhedged small and midcap Gold producers. Watch what happens as the commercials continue to increase their short position in gold futures: cftc.gov Think it's a conspiracy that the commercials are 45K contracts short? The high tech Polyannas also think it's a conspiracy that all the Insiders at their beloved high tech firms are selling stock like wildfire. PS I'm a "gold bug" too in the sense that I follow the gold market closely. But that's as far as it goes.

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