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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Bucky Katt who wrote (3764)	12/3/1997 12:44:00 AM
From: Terry Rose	Read Replies (3) of 116753

The Quantum fund also lost money on Newmont Gold during the recent slide in the POG, when it had to liquidate 1 million shares in the low 30's after being purchased in the 40's to cover losses incurred in recent Asia turmoil. It's nice to know that even the pros make mistakes. I believe that they still have over 5 million shares in Newmont, so they may be playing both sides of the movement of the POG as per the nature of a hedge fund if they are also short gold.

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