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

To: B.REVERE who wrote (54273)	6/14/2000 9:23:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116762

Imagine that, covering a 350000 hedge position can cause the pog to rise by 6.00. Can you imagine if barrick actually closed a small portion of their positions rather than shuffling the paper in a flim flam public relations manuever during a propitious period. The pog might actually make it to 300.00. Why doesn't it happen, they probably do not get the go head from the red phone on the desk of the head hancho. I will say it again the pog is depressed below the 300.00 level because many of the producers are comfortable with the current price and in fact may be threatened by higher prices. Ken