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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (37704)	7/24/1999 7:44:00 PM
From: d:oug	Respond to of 116764

goldsnow, I agree with your <VBG> this Market is the Achilles Heel, that without a foundation of rules and regulation that include some inherent confinement problems for growth, that this lack of a gold standard has exposed the complete market to abuse and a falling apart. <<The last time Newmont engaged in hedging was in 1992, This is only for protection'' against lower prices. ...Barrick Gold Corp. biggest user of hedging>> To paraphrase another of this thread. "... develope a way where you can reach across your keyboard and wack someone who needs a little brain stimulation..." Before Newmont does that deed I think GATA's activity with USA Congress will give some "brain stimulation" to those running the show today, and Newmont will not hedge and Barrick will wish it didn't hedge. Doug