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: LLCF who wrote (53935)	6/8/2000 1:20:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 116764

still, the new rule means that stuff that used to be in footnotes on page 117 of the annual report is now clearly visible... i always wondered what happened to the counter-parties of Fannie's and Freddie's rate hedges for instance...when the bond market tanked i figured somebody must sit on anywhere from 20-30 bn. dollars in losses. yet no-one reported such, presumably because the mark-to-market rule didn't exist. for the mining cos. it means that they will have to seriously reconsider their hedging strategies, lest they provoke shareholder revolts. since last year's price spike so vividly destroyed ASL and Cambior people have become hip to the nonsense that's been going on in the industry. i predict the next wrecks will be found in Australia...the miners there haven't kicked the habit yet from what one hears. the question for every investor in gold stocks is of course, do i want to have a vehicle that provides leverage during an upside move for gold, or do i want a hedge fund that's short gold and owns a few holes in the ground on the side (which is in essence what ABX is). the latter works fine as long as the PoG keeps declining...but i'm not buying gold stocks because i believe in further gold price declines. that simply makes no sense.