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

To: goldsnow who wrote (42716)	10/11/1999 11:42:00 PM
From: Tunica Albuginea	Respond to of 116764

godsnow, AU must have been pretty stupid to pay 500 million for Acacia if they were aware that they were in deep doodoo from hedging as suspected. go.com. Alternatively, AU is not significantly hedged, they made a great buy,they've got plenty of cash and are now poised to take off. I chose to believe the 2nd hypothesis, TA Message #42716 from goldsnow at Oct 11 1999 9:14PM ``There is normal profit-taking by people who have made profits. Other people who thought '$400 here we come' when the gold price broke through $300 are also getting out,' said Mark Madeyski, gold analyst at O'Flaherty Sundelson. ``But a third reason is this worry about hedging positions,' he said. ``There is normal profit-taking by people who have made profits. Other people who thought '$400 here we come' when the gold price broke through $300 are also getting out,' said Mark Madeyski, gold analyst at O'Flaherty Sundelson. ``But a third reason is this worry about hedging positions,' he said. go.com.