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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: john who wrote (20714)	10/6/1999 11:01:00 PM
From: C Hudson	Read Replies (2) \| Respond to of 34075

There is a STRONG possibility that junior companies that are NOT producing may end up doing the best soon. Here's why: Many of the "senior" golds have strong hedging programs on their books. Therefore, they will be limited in their profits. Ashanti is one gold company whos stock price has PLUMMETED during this run up in gold. Barrick is another with a huge hedging program. A start-up company such as GE that hasn't produced anything yet obviously has no hedging program in place.