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Gold/Mining/Energy : Gold Price Monitor
GDXJ 107.29-0.9%Dec 2 4:00 PM EST

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To: Enigma who wrote (24980)12/28/1998 1:51:00 AM
From: Zardoz  Read Replies (1) of 116791
 
Truth is the truth enigma. Problem is that much of the truth is published after the events occur. BUT all the facts that lead to the events are published in advance. All you need to due is draw the correct conclusions.

From: #reply-6959576
Moscow--Dec 24--The forex/gold reserves of the Central Bank of Russia were at US $11.9 billion on Dec 18, down $100 million from Dec 11 when they were at $12.0 billion, the CBR announced today. Bridge News, Story .9983

Where do you think they will be after Dec 30?
From: #reply-6926444

This is but one. And how many knew about this in advance. All the those whom buy gold. Which is one reason the markets were weak.

When does the hedging program from ABX & PDG catch up to them? The volatility of GOLD is what Hedgers need. And since $300+ is out, as that eats into hedging earnings. 'gold is going to $275' or not.How do you create a 25% {$77 above POG} earnings from a hedge program? You need volatile POG over time.
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