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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (9073)	9/26/1998 1:39:00 PM
From: Amigo Mike	Read Replies (1) of 29382

Hi Max, I got the LTC info from another source ..... but glad to see the WSJ put out a story on it. You saw the numbers ..... only $600 million in capital supporting $80 Billion in assets. The article did not mention the gold play .... but the unconfirmed info I received was LTC was short 2.7+ million ounces and without the bail out may have had to liquidate most of the position and cause a major run in gold. NEM does not hedge because .... if I remember correctly .... they are the lowest cost producer and have no need to hedge. The bailout should avert any major gold run for now. Amigo Mike

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