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

To: Zardoz who wrote (41517)	9/29/1999 1:17:00 PM
From: dean poets	Respond to of 116767

Good to see you shorting ABX Hutch! Add some more fuel to the short covering rally! Commodities never go straight up without retracements. I figure Gold falls back to around $290.00. Then we see the next move up to $325.00. Gold should continue it's upward trend for the next 3 years! Good luck Hutch!

To: Zardoz who wrote (41517)	9/29/1999 1:37:00 PM
From: Enigma	Respond to of 116767

Hutch - you don't seem to understand the mining process. You speak of producers withholding gold from the spot market - as if they carry some sort of inventory of gold! In fact the only gold that goes to the market is the gold which comes out of the mill on any given day of the week. Most of the gold is in the ground. d

To: Zardoz who wrote (41517)	9/29/1999 1:50:00 PM
From: Enigma	Respond to of 116767

... "Short ABX @ $33.00 CDN" Based on analysis - or bravado?

To: Zardoz who wrote (41517)	9/29/1999 1:55:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116767

What is the target to cover?

To: Zardoz who wrote (41517)	9/29/1999 2:01:00 PM
From: goldsnow	Respond to of 116767

LESS LIQUIDITY A WORRY Market sources were concerned that these measures would cause a lack of liquidity, that firmer prices and lease rates would attract official sector sales and that the higher cost of borrowing gold would threaten both miners and speculators. Lease rates indicate how much gold is available for lending to the market and are vital to producers who regularly need to measure the cost of borrowing gold against the cost of borrowing money. ``This is really one of the most unhappy times for the market I have ever seen,' Jessica Cross of Virtual Metals Research and Consulting told Reuters. She pointed out that the cost of borrowing gold had risen with the bullion price. This situation was now jeopardising the positions of investors who had been running short positions and gold miners who had hedged future production. infoseek.go.com PS ABX might be "better" target than PDG..<VBG>

To: Zardoz who wrote (41517)	9/29/1999 2:45:00 PM
From: John Paquet	Respond to of 116767

<<<ggg>>>> It appears that we have different views of this gold market or gold stock market. I bought another 10 contracts DEc gold @$299 and got it filled with ease. I thought I might be wrong as experiences shown that orders got filled with ease implies buying hi. My simple gut feeling is fundamental and sentiment [re bull or bear about gold] have changed significantly, therefore there is no way for me to see that DEc contract to go below that important barrie of $300. So everything below that $300 will invite me to take action, you see. Good for you to take action by shorting ABX, not just regretting this and regretting that. We shall see bull prevail or bear in the weeks to come. In my view, this correction will not even last for three days, gold bull will be in charge again, I expect this Friday. chart.stockwatch.com ABX @33 looks like breakout neckline, I would buy at that point and you are shorting. I quess this what market it is, bull and bear make the market, I guess. Good luck to all. John Paquet

To: Zardoz who wrote (41517)	9/29/1999 4:46:00 PM
From: Tunica Albuginea	Respond to of 116767

Hi Hutch: "Short ABX ". Thanks very much indeed. I'd like to know though Hutch if it is just you or there is a whole group of you doing this. Obviously the more the merrier, :) TA Message #41517 from Hutch at Sep 29 1999 1:07PM Done... Short ABX @ $33.00 CDN. #reply-11396928 Come join me... John. Hutch

To: Zardoz who wrote (41517)	9/29/1999 5:37:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116767

Hutch you want to short ABX? It appears to me that ABX is insignificant fish on the short side regardless of the masterplan...If also seem to me that Gold wild lesson is that it is close to nothing in comparison to what Market Crush so "gently" forecasted will do to the civilized people that invested their future on advice of the cheerleaders from GS and others.... Sleep tight..<gg>

To: Zardoz who wrote (41517)	9/29/1999 5:43:00 PM
From: goldsnow	Respond to of 116767

Want to know the real cost of paper? It is way below production costs... Clinton vows to cancel debt Around 40 countries are classed as 'heavily indebted' President Bill Clinton says he is prepared to cancel all the debt owed to the US by the world's poorest countries - provided the money is used to alleviate poverty. "Today, I am directing my administration to make it possible to forgive 100% of the debt these countries owe to the United States ... when needed to help them finance basic human needs and when the money will be used to do so," he told world financial leaders. "I don't believe we can possibly agree to the idea that these nations that are so terribly poor should always be that way." Mr Clinton was speaking at the annual meeting of the International Monetary Fund and World Bank in Washington. He said countries should not have to choose between paying debt interest and "investing in their children's health and education." "Any country committed to reforming its economy, to educating and vaccinating its children, should be able to make those commitments and keep them," he added. Praise from Oxfam Mr Clinton's announcement was immediately welcomed by the aid group Oxfam International. "The new proposal will result in a significant increase in the amount of resources freed up in the poorest nations to be used to cut school fees, open health clinics and let these nations get back on the track of sustainable development," said Oxfam senior policy advisor Lydia Williams. But she also urged the US administration not to cut aid budgets for development assistance. International plan The president's offer follows a new agreement by the IMF and the World Bank to offer improved debt relief to around 40 of the world's poorest countries. Under this initiative they will see their $217bn debt slashed by around $70bn in nominal terms. Mr Clinton said he expects three-quarters of the eligible countries to receive some help by the end of the year 2000. He said more than 430 million people could benefit from the programme. news.bbc.co.uk

To: Zardoz who wrote (41517)	9/29/1999 8:11:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116767

Hutch, questions about your <<Done... Short ABX @ $33.00 CDN>>. First I do not understand what a short is, and I do not need to know for this question, except that you think in the future the price od ABX will be lower than the above price. Question: Why ABX (Barrick) and not another company ? Also, can one short physical gold ? thanks Doug