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Gold/Mining/Energy : Day trading in Canada

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To: maintenance who wrote (633)10/2/1998 3:18:00 PM
From: keith massey  Read Replies (2) of 4467
 
To all the gold bugs:

I'm not getting in the way of the current trend of the golden big boys (ABX,PDG, etc.) but who else thinks they are starting to get overbought. Very rapid upward trend with huge increasing volume usually turns on a flashing light for me.

ABX has almost all its gold sales hedged at $400 until 2001. Most of the other also have most of their gold sales hedged. It still boggles my mind how ABX and the rest move so rapidly with the price of gold.

Best Regards
KEITH
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