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

To: Enigma who wrote (45387)	11/29/1999 9:36:00 AM
From: Rarebird	Respond to of 116764

Ideally, it is good for investors to have a choice between the hedged and non-hedged gold producers- the hedged producers are suitable for those conservative investors who want to reduce their volatile exposure to the spot price, but still partake in the upside somewhat. However, it is better for shareholders to have the producers who they invest in to be bullish on the metal they produce. Clearly, you must admit that for some companies, this hedging has gotten out of hand and has played into the hands of the CB's and Bullion Bankers, who prefer a lower spot price.