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

To: tyc:> who wrote (44504)	11/3/1999 7:46:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

<<If a speculator borrows the gold and sells it, and the price goes up he will make the same loss as he would naked when he buys back the gold to return his borrowings.>> If a "mining company" borrows far more than they can possibly pull from the ground, are they then still a "mining company" or a "speculator"? Haven't you understood? The A** Hole in charge Standard & Poors REQUIRED mining companies open a hedged position or suffer reduction in credit rating without reguard to the desire of the company or what would be best for share holders! I doubt any company will be "allowed" under the current environment to run a "Texas Hedge"! As most mining firms are cash starved, how will they be able to raise enough cast to ever buy back their shorts? What I can't figure out is, "Who made Standard & Poors head GOD and gave him the power to decide what is best for each & every mining company traded in the US? What processes transpired to push forward this position in the WORST INTEREST OF THE MINING INDUSTRY & THE MINING INVESTOR?