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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (2201)	4/20/2001 11:52:20 AM
From: kirby49	Respond to of 5144

Shack: Yea I am aware of the ABX problems and have a tight stop on it. TVX used to be one of my favorites for a decade and even nibbled on it three times last month before the delisting, bondholders, Greek etc. problems, so turned to ABX for first round. You have instilled a kernel in me now that says I should just look at PDG long naked calls. Thanks. Bob

To: Shack who wrote (2201)	4/20/2001 10:46:23 PM
From: Cogito Ergo Sum	Respond to of 5144

High Kirby, Second that on the hedge . Actually PDG is not without sin either. Used be my fav big gold. They were working on closing their book but.... 'In February 2000, Placer Dome announced it would cease adding new hedge positions and thereby reduce its overall level of committed gold ounces by two million over the course of the year. The Corporation met this target as of December 31, 2000 reducing its committed ounce position to 7.7 million ounces. The current position is 7.5 million ounces.' placerdome.com (Latest quarterly) regards Kastel