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

To: Ken Benes who wrote (48058)	2/5/2000 9:30:00 AM
From: Enigma	Respond to of 116753

Have you ever had anything remotely to do with mining? Bob - what do you think? Funny how vitriolic these guys are. I suspect they've been burnt somewhere - or just like to vent their spleen. Back to you Ken - with all of this noise are you missing some investment opportunities? There are so many plays around and strategies to employ - why do I get the feeling that none of that is actually for you? Far easier to replay that old disk - over and over again? I see you're back to the idea of cutting production - ain't going to happen - nor would you like it if you were a shareholder of a company which announced it was cutting production. But then you'd never actually get your feet wet by buying shares in a producer would you? Why don't you do so and then report back to us if the company announces iit is cutting production and the shares tumble and you bravely hold on 'for the common good' You see (for the umteenth time) the gold industry doesn't even faintly resemble the oil industry which you keep dragging up as a model. Cartels semi work there for fairly simple reasons.

To: Ken Benes who wrote (48058)	2/5/2000 4:22:00 PM
From: Rarebird	Respond to of 116753

<These managers lack the sophistication to operate a listed company and should be removed.> You make a good point that should be taken seriously. Some of these CEO's stink when it comes to Public Relations. The criticism I have been hearing lately about HM, for example, is not about their current hedge position, which is ever so minuscule; but that they could hedge up to 30% of their production whenever management deems it necessary. I think Russwinter makes a good point when he says that investors want to invest in gold mining stocks that represent a pure play on the POG. Hedging can be prudent, however, if the POG rises to far to fast, and way beyond its fundamentals. I agree with you that at $300 an ounce the gold miners should support the Gold which is their business and life blood. If Gold was over $500 an ounce and the fundamentals were bearish, it would be a different story. Some of these Gold Mining CEO's don't give 2 friggin pineapples about their shareholders. I don't think hedging should be eliminated completely. But it has gotten way out of hand.