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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (1699)	10/22/1999 12:34:00 PM
From: GVC	Respond to of 1756

I understand that the amount of gold hedged by mining companies can have a dampening effect on their share price , but which of the companies that comprise the xau are hedged and by how much? From what I have been hearing, many of those companies that are or have been hedged are or were in the process of unwinding much of their hedged position. Also, if the next stage of the rally in gold is indeed the public participation stage, then I really dont think it matters much to the average joe investor as there will be a frenzy to buy anything related to gold much like they bought anything related to the internet over the past couple of years. Mr average investor will not care who is hedged and who isnt. They will blindly allocate a percentage of their assets to the gold sector.