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

To: Ken Benes who wrote (55553)6/30/2000 9:35:06 AM
From: long-gone  Respond to of 116759
 
Ken, you know:
1. The Central Banks hold no oil they can sell & squash the rally in oil.
2. We burn oil every hour.

No one named as CEO can change these factors.



To: Ken Benes who wrote (55553)6/30/2000 9:39:13 AM
From: Enigma  Read Replies (2) | Respond to of 116759
 
Hedging gold and oil - I don't know how closely you follow the oil producers? My guess is not much, or not at all? I have the Berkley annual report - they have a healthy hedge book - I quote "As at December 31, 1999, the company had entered into derivative contracts to manage the commodity risk as follows:"


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