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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Andrew Bailey who wrote (2331)1/29/1999 12:53:00 PM
From: mick  Read Replies (1) of 3282
 
Not Really News - Just Coming Out in the Open

The physical demand for gold has been as great as ever. Its pretty well known that there has been a lot of shorting going on and hedging. Look at ABX. They hedge a lot of there gold and get prices of around $ 400 instead of the streets $ 280. ABX doesn't suffer as much as the juniors. They can then make stink bids on companies such as ARP, because they know the real price of gold.

I think this could be an interesting year. Unfortunately, we may hurt the great consumer nations market at the same time and then there is no telling were we will be.
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