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

To: pater tenebrarum who wrote (56184)	7/13/2000 1:51:29 PM
From: Rarebird	Read Replies (1) \| Respond to of 116805

Heinz, I'm quite sympathetic with your argument. Sure, it's wildly bullish for the POG and gold stocks if these hedges are covered. The question - and I'm not being naive here- is why are these hedges in place? Are some of the producers correct in being bearish, given the strength of the dollar and the equity market? Or, are some of the producers in bed with the CB's and some of the money center banks, who are clearly out to keep a lid on the POG? I think these questions have to be tackled on a case by case basis when we talk about the producers.

To: pater tenebrarum who wrote (56184)	7/14/2000 6:38:05 AM
From: d:oug	Read Replies (2) \| Respond to of 116805

hb, I agree, the ted butler post from kitco does bring the whole point of the hedging nonsense home from a shareholder like I Point of View. As for how it got to be this way is not easy to discuss since there are folks, Ron Reeces, that cut and paste expert's opinions that the past 10 years of depressed price of gold was due to normal and correct and healthy and survival of the fittest, along with advances in technology, and last but most likely least, that each year Earth's moon moves further away by 1 inch or 1 foot, meaning that some day in the long away future Earth's moon will wander away and go whereever wandering moons go. Incase some are worried that the sun will burn itself out and do those expand and contract whatever the sequence is, well, not to worry as the moon will float away long before that, and Earth will lost that which stablizes it and will wobble and mess up weather patterns as in this year the north pole crosses the equator, much ice melts and oceans rise and this and that messes up persons and places and things and stability ceases to exist as it will bring humans into a in your face survival of the fittest thru power and who can take what available to survive. Doooms Day. Which reminds me, we are talking about the price of gold. Bill Murphy is once again singing that same song, as if its a needle stuck in a groove, that physical gold is today's best investment. Same song, and same no one is out on the floor dancing to that tune, and I know why, and its simple and its the same reason I have given before, and that is until the USA government of Congress and Senate decides to call a spade a spade, or distinguish between that used to bail hay and to move cow manure, then Bill's creditability will have A for effort and TruTh but F(ailing) for results. So far all Bill can talk the talk with is more talk, no walk yet. And the walking he did and the meetings he had while in washington D.C. was only talk and as I said "They sent Bill et al home with smiles on their faces." Stuff not able to take to the Bank. Janus had two faces I think, and I think Bill still trusts the false view. Like Rarebird replied to your post. <<The question - and I'm not being naive here- is why are these hedges in place? Are some of the producers correct in being bearish, given the strength of the dollar and the equity market? Or, are some of the producers in bed with the CB's and some of the money center banks, who are clearly out to keep a lid on the POG?>> Good chance that what Bill Murphy aka GATA predicts as a gold derivative explosion, along with those credit and fiat money problems, that these will be handled and keep under control simply because the governments of the world, with the uSA at the helm, control the rules and regulations and criminal process. As long as they make and enforce the laws to suit their interest in keeping wealth and power, then all we can do is do like Richard and Bitch Bitch Bitch and post post post long long "this is whats wrong in the world", and even if a few read it, nothing is done, and nothing is accomplished except more talk without any walk. Either only 10% of what GATA says is truth, or that which is against GATA is 10 times as strong as GATA thinks they are. My opinion is strongly that what GATA says is truth and correctness, but I also have the awareness that in this battle between good and evil, that evil is in control and that 90% of those who are of the good do not realize what the evil is and actually helps evil fight the good, which includes themselves. Whatever.