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


To: grampa who wrote (47662)1/29/2000 7:52:00 PM
From: d:oug  Read Replies (3) | Respond to of 116760
 
grampa, I must be dumb because I do not see what you see.

<<... whats the "y" between each sentence?? A computer "thing"???>>

I know that each sentence can result in a "Why?", but thats inside
my head that I see/ask. Lots of ? I see in the text which I understand
results from a copying utility that cannot understand certain ASCII
characters contained in the original.

(on topic) Might this be a reason to prevent Barrick from doing what
GATA asks, as it would help the price of gold but hurt Barrick ?

(from the article, below)
ÿ
"In principle, the answer is simple: announce a change of policy on hedging.ÿ

The difficulty lies in the execution.ÿ Mining companies cannot afford
to bid against each other to restructure their hedge books.
Nor can they tip their hand in advance, as front-runners
would bid up prices.ÿ

Still, once the market perceives a different industry stance on hedging,
the gold price will rise even more sharply than it did in September.

Equity valuations are also likely to rise once previously alienated
shareholders interested in the upside play on gold return to the fold.ÿ

Just as the Washington Agreement caught short sellers by surprise in
September 1999, a sharp curtailment in producer hedging will trigger a rally....."

new
highs."

Doug