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

To: Enigma who wrote (60648)	11/7/2000 8:46:50 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116790

Dead Wrong! You are one of the last people on the planet who do not understand that the hedging techniques employed by the producers has not in fact pressured the pog lower. Then again, you are not sure you are standing on your head or your feet. Ken

To: Enigma who wrote (60648)	11/7/2000 1:24:26 PM
From: goldsheet	Read Replies (4) \| Respond to of 116790

> producers are hedging (part of) their production IN CASE the price of gold declines during the period Sometimes it is even simplier than that. Many juniors can not obtain the financing to develop projects and/or the interest rates are too high. If they can get a bank loan they are often required to hedge part of production as part of the terms and conditions. Otherwise, a low interest gold loan is the only viable method left to develop a project. The basic survivial of the company is more important than its effect on the overall gold industry. If you are dead, you can't play the gold game anymore !