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

To: Zardoz who wrote (47192)	1/17/2000 5:07:00 PM
From: Ken Benes	Respond to of 116791

One quickly learns when studying charts that patterns relative to individual stocks change over time. For this reason, the more recent data is given greater weight when considering and investment decision. I spoke about a short term trade and in that context the recent data strongly suggests that nem offers a better trading opportunity than abx. You are correct when you questioned how abx or any other gold company invested the proceeds of a leased sale. Regardless, whether it is in US treasuries or a foreign bond, interests rates are trending up and bears watching. To suggest how they hedged their hedges assuming they did, places an additional degree of risk to their positions. It is common when there is a change in the environment of a carry position, the positions are closed. Favorable environments that create opportunities for a carry trade do not last forever. If indeed there is a political reason for keeping the price of gold in a specific range, the decision to close out a carry position becomes more difficult particularly if it is based on a commodity in short supply. As, I said, the rise in interest rates beares watching as it relates to the gold carry trade. Ken

To: Zardoz who wrote (47192)	1/17/2000 9:26:00 PM
From: long-gone	Respond to of 116791

OT(or is it?) rh subtitle: & how can AG or anyone else find any information from the CRB, or PPI or CPI when the basic commodities are manipulated like this: Daily Notebook Issue date: 01.24.00 AGRO-VATING: Of all the distortions brought about by Iowa's "first in the nation" caucus, perhaps the most noxious is the notion that the farmer has a unique claim to federal largesse. In fact, the hallowed Washington tradition of shoveling billions at American agriculture has no decent justification at all. Why is the failure of a family farm worthy of federal intervention when the failure of, say, a family restaurant is considered routine? It is not an endorsement of pure laissez-faire to insist that the government should not protect favored industries from the natural consequences of the free market. That no politician is willing to say so owes much to the abiding power of the agrarian myth (which evokes the moral superiority of the hardy yeoman) but also the need for prospective presidents to tailor their views to the interests of Iowans. This quadrennial pandering reached a new low in(cont) thenewrepublic.com Only gold & silver are not supported by anyone, and are pushed down by others!