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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: Al Collard who wrote (468)4/12/2002 5:56:44 PM
From: Traveling Man   of 587
 
Good news on large hedging positions:

News that Anglogold, the largest South African producer, will "substantially" reduce its forward sales-program -- the amount of gold it hedges via the use of derivatives -- also contributed to the gains in gold equities, Conti said, adding that gold stocks "still look attractive."

Prescott Crocker, a fund manager for the Evergreen Precious Metals Fund
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