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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.27

+0.6%

Dec 16 4:00 PM EST

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To: Bobby Yellin who wrote (8520)	3/19/1998 12:54:00 PM
From: Mark Kubisz	Read Replies (2) of 116815

Over the past few months I have heard stories along the lines of producers unwinding their hedge positions. The following paragraph from a Reuters story this morning is typical: But producers have also been active of late, with Australia's Western Mining Co Ltd saying Thursday it had ''locked in'' a A$310.8 million pre-tax net profit from a substantial reduction in its gold hedging position. What does this mean?

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