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

To: lorne who wrote (54630)	6/18/2000 9:59:00 PM
From: LLCF	Read Replies (1) \| Respond to of 116833

<Forward hedge sales erase gold gains.> Good, get the natural sellers at this level out of the way. DAK

To: lorne who wrote (54630)	6/21/2000 9:23:00 AM
From: Hawkmoon	Respond to of 116833

Forward hedge sales erase gold gains. Maybe the headline should have read "GATA BETRAYED!!!!" Comex gold gave up early gains to squaring on Friday, while tightening lease rates offered more proof producers were using the best spot bullion levels in three months to book some forward hedge sales, dealers said. "Every time it gets to US$292 you see a little selling," one dealer said. "You've got to assume with lease rates coming in a little bit there has been some forward selling." Man!!! I can't believe it!!!! I mean like, isn't it, uh...er,... like these dudes, like... uh, promised they would stop their hedging BS?!! . . . . . . . Of course, everything above is stated with tongue firmly planted in cheek. Business is business for gold producers and a bird in hand is worth two in the bush.... <VBG> They have no more desire to see the gold market get out of hand than the Buillion Bankers do. Regards, Ron