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

To: lorne who wrote (65164)	3/8/2001 4:36:15 PM
From: long-gone	Read Replies (1) \| Respond to of 116779

Damn, & JR Morgan put that out without declaring their own gold position.... We need to have the mining companies start getting nasty in that everyone advising the broad market in gold MUST declare their own company position.

To: lorne who wrote (65164)	3/8/2001 7:06:27 PM
From: russwinter	Read Replies (1) \| Respond to of 116779

There is a lot of nonsense coming from "certain" sources. This one from JP Morgan about "extra" hedging is typical and IMO is just pure unadulterated propaganda. Even if there WAS an element of truth to it, IT IS OLD NEWS from the 4th quarter. The contango for gold hedging has dropped from 5% to 3% (or less right now with these lease rate spikes). It make no sense for there to be a glut of hedging at present. mips1.net On the other hand these comments from Van Eck come close to what I've been saying, especially paragraph 4: no incentive to hedge and a credit rerating from CB's. gold-eagle.com