Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (53657)	6/4/2000 7:05:00 PM
From: long-gone	Respond to of 116786

<<Assuming that gold reaches and maintains such a lofty price, aren't we certain to see more "Ashanti's" pop to the surface?>> 1. No other major mining company is as deeply hedged(Via forward sales only) as was Ahhanti. Most carry a mix of both puts & calls to allow profit safety below a given point and profit above another given point. 2. Several major mining firms have reduced or eliminated ALL hedging! <<And exactly what will drive such a price increase? Certainly not rampant US growth, which the unemployments figures show is certainly abating, maybe faster than the Fed would like.>> No matter if you call gold a commodity priced in terms of US $ or a currency priced in terms of US$, a lower US $ drives a higher price of gold. (A fine point all you in the "Gold in not money" camp quickly forget)

To: Hawkmoon who wrote (53657)	6/4/2000 9:13:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 116786

>>Therefore, at $355 POG, "fair value" for XAU would be 94 > Assuming that gold reaches and maintains such a lofty price, aren't we certain to see more "Ashanti's" pop to the surface? I think/hope many learned from the Cambior and Ashanti experience and adjusted some of the more questionable practices. > And exactly what will drive such a price increase? Don't know, it was not my forecast. I still expect a very dull summer then a possible modest fall rally.