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

To: Enigma who wrote (60673)	11/7/2000 4:34:58 PM
From: Alex	Respond to of 116791

Enigma. I was not referring to the lender as the manipulator. My one and only point here is that hedging is one of the factors that leads to a lower pog. Derivatives, leasing, cb sales, the U.S. dollar and countless other factors also affect it. But as Bob says, the juniors often have no choice. They are forced to hedge. They are forced to hedge because, IMO, the pog is being manipulated to a level that is destroying this sector of the gold market. And ONE of the reasons for this is the massive hedging being done by the majors, not out of necessity to survive, and obviously not to enhance their share prices, but for reasons that only they understand.