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

To: Robert Dirks who wrote (43886)	10/26/1999 9:38:00 AM
From: Enigma	Respond to of 116815

I don't think there should be any redress for bad management. As an aside their attitude towards labour was brutal. They knew what the price of gold was. Maybe they should have hedged? Not familiar with their situation - but other things being equal - hedging helps out producers when prices fall - whatever business they are in . d

To: Robert Dirks who wrote (43886)	10/26/1999 10:44:00 AM
From: Ken Benes	Read Replies (3) \| Respond to of 116815

GAME! SET! MATCH! It is over, the shorts will be allowed to cover under 300 or a neutral price, the producers will begin to close out their hedges under 300.00, and gold will then establish an equilibrium price in the low 300.00. The gold stocks, what can you say, sell them, they are not worth owning. There will be no more pincers, enveloping circles, Hannibals falling into ravines, Tora, Tora, Tora's, the deal is struck. To believe there is going to be more is self deception. We have witnessed the equivalent of landing on Omaha Beach and on the second day going back to the boats, with a promise to return at the end of the week, you never let up on the pressure, unless you do not want to win. GAME! SET! MATCH! Ken