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

To: Rarebird who wrote (39593)	8/25/1999 8:58:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116841

<<NEM and the Media....don't bury them yet It is very important to note that it was REUTERS and not Newmont that said they expect gold under $270 for a couple more years. If NEM believed that, then they would have hedged three years production with direct FORWARD SALES, and not PUT OPTIONS. With put options, you do not miss the upside potential. This is VERY important. Normandy also has put options instead of forward sales. >> More truth? HM has killed forward sales through 2003!