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To: Bipin Prasad who wrote (90048)10/12/1999 9:53:00 PM
From: Bill F.  Read Replies (1) | Respond to of 186894
 
orcl just reported a horrible qtr,the next should be worse.r.e. gold-shorts have not covered,the real problem is the producer `s hedge book.as of today indian premium`s were once again wide enough to induce importing.i have aguy who follows this.anyway im just looking.im long a silver stock and may buy some gold juniors if i find the right thing.



To: Bipin Prasad who wrote (90048)10/12/1999 10:07:00 PM
From: Jim McMannis  Read Replies (2) | Respond to of 186894
 
The big problem with gold stocks now is that some of them have sold their production foward or even shorted physical gold. Ashanti is finished and others like Cambior are on the ropes so you have to do due diligence on which ones to buy. ABX has sold a considerable amount of their future production forward at $385 but they can defer supposedly for 15 years.

Jim


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