Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: long-gone who wrote (25763)	1/9/1999 8:18:00 PM
From: Zardoz	Read Replies (5) of 116790

Some day you'll realize that GOLD should never be considered valued into just one currency. And that Commodities neither have a top or bottom, only localized tops relative to a localized bottom. Now, what happens to the profit margin of those gold companies that have forward sold their gold, when gold once again gets to the point where they forward sold from? There earnings will suffer? So maybe they will have lower profits, from a higher price of gold? Even ABX hedge program says that they can follow the Price of gold up, but at the cost of more borrowing from CB's. " but many are selling out or have sold out these "futures"" I wonder if you even know which if any producers have as open contracts on thier forward sales. Maybe they all have their max positions on right now?

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