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

To: russwinter who wrote (64454)	2/25/2001 9:30:07 PM
From: Zardoz	Respond to of 116763

The chart on your post illustrates the importance of a stronger Aussie dollar and/or gold in breaking these producer's backs. Isn't that making a huge assumption? What is the secondary hedge in? Is it gold-Aussie dollars, Gold-US bonds, Gold-CAD bonds, Gold- USD. There are two many choices to place those Gold buxs into. Not to mention more then one choice. It's the secondary side of the equation that can make the higher return... what if someone sold Gold to go short the Nas index via delta options {or high gamma}? Hutch