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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Greg Ford who wrote (8570)	3/20/1998 2:16:00 PM
From: Keith Monahan	Read Replies (1) of 116762

Greg, Very interesting post. Regarding your comment on new/replacement hedges putting pressure on the POG - Do you think it would be wise for producers to hedge in the low $300 range? The risk of a short squeeze seems to be growing day by day. If I were a producer, I would be reluctant to lock in at these price levels. I hope the POG could get to at least the 340 - 350 range before forward sales put pressure on prices. Keith

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