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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.60

+2.2%

Dec 26 4:00 PM EST

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To: goldsheet who wrote (95113)	5/23/2003 12:24:24 PM
From: Real Man	Read Replies (1) of 116834

I noticed that PDG, ABX seem to be breaking out of long-term triangle formation, which is good news for gold bugs. XAU, HUI to follow? Someone told me once PDG leads gold. It may not be true. Hedging is not a bad idea during gold bear market. They seem to be lifting hedges now, like everyone else. Somehow I have strong doubts that ABX are hedged more than reported on their balance sheet. It's still a lot, but gold bug tales about them being Enron in the gold business are probably extreme. We'll just have to wait and see?

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