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

To: long-gone who wrote (54133)6/13/2000 8:25:00 AM
From: Hawkmoon  Read Replies (3) | Respond to of 116759
 
Don't you even understand how much the overall hedge position of the industry has been reduced & altered?

All I know Richard is that you all have been saying the POG was set to go through the roof for the past 3 years or so, blaming anyone and everyone as being responsible for the manipulation.

But I guess even a stopped clocked is right twice a day.

Why don't you give us some concrete, documented examples of how the trend in the gold industry is heading toward less use of derivatives?

And then tell us why the Central bankers won't continue to sell/lease gold into any rapid increase? AG has already told last June that the Fed was prepared to do so.

Regards,

Ron



To: long-gone who wrote (54133)6/13/2000 9:26:00 AM
From: William Harvey  Respond to of 116759
 
Maybe that's the beauty of the wave of merger talks as well as the culminations: If there's going to be an end to hedging and cutting each other's throats then surely we will know it when the industry demonstrates that 'if you can't beat em you join em' or that 'together we can accomplish what we could not do alone'.

Hmmm. XAU is up 4%, that would be a 140 point move in the NAZ.


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