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

To: Stephen O who wrote (62279)	12/27/2000 4:05:34 PM
From: Horgad	Respond to of 116759

You will have to take a step back to see the parallels in that article and the gold mining industry. Of course there are differences between natural gas and gold such as you point out, but that does not preclude one from looking at the similarities. I posted the article on gas producers hedging because I thought it was a glimpse into the possible future of some gold miners in the event of a future rally in the gold price similar to the the one now being seen in natural gas. In my opinion, the premise that the average commodity producer is lousy at managing a hedge book is true across the board. As such, it it better for them and their stockholders if they would just avoid the game all together.