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

To: d:oug who wrote (38294)	8/4/1999 5:56:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116753

was this to throw mud in my face rofl just teasing great post I saw you wrote it while I was writing the previous one to you

To: d:oug who wrote (38294)	8/4/1999 7:39:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116753

According to Morgy, Hutch is long gold just now - if so he would have more credibility on this thread if he had stated so publicly and not by PM to her alone. As for his position on hedging - in spite of his obvious technical and trading expertise, and I assume he is a successful trader - he doesn't seem to realise what a hedge actually is -at least the simple basic principle of a commodity producer hedging his product. So far as I know the practice of hedging started with American farmers and the principle is the same for commodity producers - you fix the price of your product in advance - take the price variable out of the picture.

To: d:oug who wrote (38294)	8/4/1999 2:55:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116753

If I remember correctly, it was either Hutch or Ron Reece that stated that he did not care what gold did, just that he would ride it to make money. Doug, Don't take my words out of context. Yes, should gold surge, Obviously I, like others, would seek to profit from it. It would essentially be the only game in town, except shorting the stock market and bonds. However, my comments have revolved around the cost to the overall economy and the greater good. Should gold surge, I fear the uneccesary economic impact on the economy that would translate into stagnation and lack of confidence. That's the difference. I'm more interested in seeing a vibrant economy sustained for the majority of Americans, than merely one particular industry or investor class. Regards, Ron