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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (52080)5/25/2000 2:57:00 PM
From: John Doyle  Read Replies (2) | Respond to of 99985
 
Heinz - Would you buy into any stocks here.



To: pater tenebrarum who wrote (52080)5/25/2000 3:04:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 99985
 
Heinz:

Another bombshell from John Hathaway -- The Folly of Hedging:

tocqueville.com

His essential argument is that the gold industry is liquidating its capital by hedging under $360 an ounce, Plus they are destroying the only thing that can give the shares real value -- the possibilty of a dramatic earnings improvement from a much higher gold price.