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

To: long-gone who wrote (47984)	2/4/2000 2:50:00 PM
From: Claude Cormier	Respond to of 116753

Again from LeMetropoleCafe.com BULLETIN - GOLDMAN SACHS BUYING ALL THE GOLD CALL OPTIONS IT CAN GET ITS HANDS ON- FRANTIC BUYING - GOLD UP $19 MORE LATER

To: long-gone who wrote (47984)	2/4/2000 3:10:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116753

newswire.ca During the fourth quarter of 1999, the Company added to its hedge position as the gold price rallied to two-year highs. Hedged production at December 31, 1999 was comprised of 7.4 million ounces in forward sales and 2.5 million ounces in call options at expected prices in excess of $400 per ounce with an aggregate positive mark-to-market value of $350 million. Approximately 85% of the Company's reserves remain unhedged. The details of the Corporation's hedging position will be released with the Company's year-end results on February 24, 2000.

To: long-gone who wrote (47984)	2/4/2000 3:14:00 PM
From: Alex	Read Replies (1) \| Respond to of 116753

"The uncertainty in all of the financial markets is being reflected in this movement in gold," he said. "Historically this type of price action is a flight to quality," he added. "On a technical level, gold exceeded last month's highs. Last month was an inside trading month (meaning last month's high was below the previous month's high, and its low was above the previous month's low)," Jesser said. "Being that markets alternate between periods of contraction and expansion, this contraction set-up should lead now to a period of expansion, now that we have left the price range to the upside." "Traders should be aware there could be active hedge removal if the market stays above $305 [an ounce]," Jesser added. cbs.marketwatch.com