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

To: baystock who wrote (48378)	2/7/2000 3:17:00 PM
From: GST	Respond to of 116764

Ram: It would have been more bullish if ABX was ready to be more aggressive -- and they could have been. I think they are moving slowly because of the risk of creating a move up that is faster than their strategy is designed to profit from. They cannot unwind their hedge on a dime. Well to heck with their glorious hedging program. They will be hard pressed to keep gold on a slow, gradual flight path. They are hedged in a way that prevents them from benefiting from an immediate sharp increase in prices -- so they do not want to fan the fire. But the fire is lit and they are going to be observers of the fireworks, not the master of ceremonies.