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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	10/31/2003 12:25:17 PM
From: jimsioi	Read Replies (1) of 108865

Reduced miners by another 10% Sold some GG GSS NXG...nothing to brag about with the fills...though all when up on the day and higher than they are now......NXG's earnings were grand but they have a 30 million dollar unrealized loss from their deferred gold sale hedge...I suppose as they make those deliveries the loss is reduced but it would seem to likely crimp their earnings style at some point...plus their gold sales are anticipated to fall in the next quarter...Copper prices and production to make up the difference?? Gold has tanked now to $383...Looks like the post London close raid on futures....

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