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

To: long-gone who wrote (55824)	7/6/2000 10:31:58 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 116798

i didn't know about this S&P directive. in view of the ASL and Cambior debacles it is utterly laughable. DROOY used to be unhedged for a long time, and was also forced by its bankers to hedge, at the worst possible moment. btw, a few juniors are not going to change much...we'd need biggies like AU and ABX and the Australians to cover their hedges...bring volatility back. mining is a cyclical industry - at times you make money, at times you don't. but by capping the price of gold, they have ensured they will never make any money anymore...it's too stupid for words...