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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (18496)9/6/2002 11:53:15 PM
From: Joan Osland Graffius  Read Replies (1) of 36161
 
Frank,

From from Bill Fleckenstein's rap tonight on gold:

"Away from stocks, it was no surprise that fixed income was hit on the news and the dollar was stronger, though it was a bit of a surprise that gold was firmer. My contacts in the gold market tell me that there was producer buying, even up at these levels, meaning that producers continue to unwind hedges."
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