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

To: Terry Swift who wrote (47071)	1/14/2000 3:16:00 PM
From: re3	Respond to of 116785

i think the argument is more, why would the small investor want to risk abx or any 'hedger' blowing up in their face... didn't buffett suggest two rules for investmetns 1) don't lose capital 2) see # 1... i'm not as hardlined on abx as some...i don't profess to 'know' the real situation...i just want a company or a few that are clearly unhedged, period...i'm sure other investors feel the same...

To: Terry Swift who wrote (47071)	1/14/2000 3:18:00 PM
From: Crimson Ghost	Respond to of 116785

If the ABX hedging program has been such a great thing, why has the stock been such a miserable performer in recent years? Better than many other gold miners, but still awful. What this really boils down to is what would the gold price be without these massive hedging programs. If the same as now, then the hedgers are doing the right thing. But to the extent that their hedging has depressed POG, they have shot themslves in the foot, and some weaker gold miners in the head.

To: Terry Swift who wrote (47071)	1/14/2000 3:28:00 PM
From: Enigma	Respond to of 116785

Selling more than you produce takes you into the area of speculation. But that is not the case here.