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

To: Zardoz who wrote (42542)	10/10/1999 11:36:00 AM
From: Mark Bartlett	Respond to of 116765

Hutch, <<Hmmm I was wondering if the companies like Barrick & Placer Dome have sold the shares of other gold producers that they own? Seems to me that many here might have forgotten this as the price has climbed. Maybe they held off on futures, forwards, and swaps; just to off load what they know they can get back latter, cheaper.>> OTOH, if these gold producers were not hedged, would it not be in the best interest of them to hold on, until the rally was confirmed or not? Also would these positions not show up (eventually) in their quarterly reports? MB

To: Zardoz who wrote (42542)	10/10/1999 12:01:00 PM
From: Enigma	Read Replies (2) \| Respond to of 116765

"if ABX and or PDG can own 10% of a company without declaration, that could explain much" They can't - 10% is the threshhold for making an Insider Report. Where did you see that these companies had sold off shares?

To: Zardoz who wrote (42542)	10/12/1999 12:37:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116765

< Hmmm I was wondering if the companies like Barrick & Placer Dome have sold the shares of other gold producers that they own? Seems to me that many here might have forgotten this as the price has climbed... Comments? > I think Barrick and Placer Dome would be totally focused on their hedge exposure right now. It is true that Gold outperforming the shares is usually bearish. However, the yellow metal is only outperforming the stocks of the hedged miners, which could be taken as bullish. I don't think Y2K is having any effect yet- that is still to come! There is another powerful leg up coming!