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

To: Alex who wrote (52013)	4/27/2000 6:18:00 PM
From: GST	Read Replies (2) \| Respond to of 116759

I own PDG and NEM and recently sold ABX to be exposed to companies with less hedging. How much hedging does PDG do???

To: Alex who wrote (52013)	4/27/2000 6:47:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 116759

> But most analysts are anticipating a rising gold price in the near future as a result of growing demand, tighter supply, agreed restrictions on central bank gold sales and the likelihood of continued turbulence in stock markets. Theoretically, sounds good. Except demand isn't growing that fast (jewelry is actually down two years in a row), supplies may be tight but are still growing, central banks agreed restrictions are higher than historical averages (400mt for ECB vs. around 300mt over last 10 years), and stock markets are always volatile (if they get too bad, gold stocks get taken down like in 1987) Might as well mention how stong the dollar is while I am at it ;) > That would favour unhedged producers such as Newmont Agreed, but I don't think gold is going anywhere for some time, so I favor neither hedged or unhedged producers. I am still out, and did not buy back at the recent lows. Summer might be very long and difficult, trying the patience of the even true goldbugs.