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

To: russwinter who wrote (48070)	2/5/2000 2:20:00 PM
From: Enigma	Respond to of 116753

Russ: Yes a quick run to $400 will hurt a few - it's so hard to predict how it will feel to managements of gold companies, faced with an unsustainable chart pattern. Mind you the tech stocks have looked like that for some time. Someone reported that some opportunistic folks were suing the Ashanti Board for mismanagament of the hedge programme. They then made a leap to suggest that other companies' boards could be sued for hedging - presumably for lost profit opportunities. By this logic boards could be sued for NOT hedging if the price runs straight up and then straight down!! I have had some experience of this in the late 70s and early 80s - the Board of our company got very nervous and kept changing its mind. It's hard to anticipate the pressure that volatile prices bring. A lot of nervous people this weekend.