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

To: d:oug who wrote (60446)11/2/2000 9:57:56 PM
From: tyc:>  Respond to of 116770
 
If you are asking me to refute Gata, I respectfully decline.

If a gold producer has hedged his production in $US, and the US$ declines relative to other currencies, then IN TERMS OF THOSE OTHER CURRENCIES, its profits will decline. But in that regard it is in no different situation than any other US business; US$ profits will be less valuable to foreigners whose currencies have climbed.

I am simply using common sense.


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