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

To: re3 who wrote (62850)1/22/2001 4:23:50 PM
From: GST  Respond to of 116758
 
If you were short the metal in a big way, you would do whatever was necessary to keep a lid on the price. On days when things look promising you would have to increase your short exposure. This creates a dilemma in the event that you cannot keep the lid on and bury yourself with more shorting as the price goes up. It has not happened before -- why should it happen now? I have no expectations. But if and when it does happen, the move is likely to be a beautiful sight if you are long. Good luck.



To: re3 who wrote (62850)1/22/2001 4:36:36 PM
From: long-gone  Respond to of 116758
 
<<i hear some scuttlebut about gold fields being a target, while the talk is that might be bearish for gold (more hedging), i'm not so sure...perhaps its just talk to keep the price of the metal and stock down until such a takeover is complete...maybe anglo will use goldfields to cover existing hedges then renounce the practice ?

any thoughts on that, people >>

I heard the same rumors, but don't think really AU has all that bad of exposure.


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