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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Edmund Lee who wrote (21309)	10/11/1998 11:45:00 PM
From: IngotWeTrust	Read Replies (1) of 116764

Lee sez: However ABX have a large hedged position around $400. If gold rises above that price, all profit will belong to the buyer. au contraire... ABX has structured their peculiar brand of forward contracts with a sweet little kicker that allows ABX the benefit of a rising in gold prices...NOT the buyer. Please recheck your facts before making that erroneous claim again. The correct info about ABX's hedges is on lemetropolecafe.com under "coffee's on" thread of James Joyce's table. Good investing! O/49r

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