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

To: baystock who wrote (42610)	10/10/1999 10:04:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116782

> Just compare the charts of HGMCY and GOLD to ABX or ASL Instead of specific stocks, I compared two indicies, XAU (mostly hedged) and the HUI (AMEX Gold BUGS - unhedged ) moneycentral.msn.com From the start of the HUI on 6/1/96 to the 8/28/98 gold bottom they tracked each other very well, then the HUI lagged the XAU until a few months ago, when unhedged stocks started to do better. Here's the approximate changes for various timeframes; XAU HUI From 6/3/96 -45% -55% Last 3 years -35% -45% Last 12 months + 1% + 3% last 3 months +23% +35% I was wrong, the market has made a distinction, both ways - It was favorable for hedged gold stocks from August 98 to August 99, and has been better for unhedged shares since August 99.