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

To: dean poets who wrote (69066)	5/11/2001 6:59:00 PM
From: dean poets	Read Replies (1) \| Respond to of 116762

It's good to see rates on the 30 year bond going up. Gold should continue to go up in tandem with interest rates. (I know most people don't agree with me). If we see 7.0% yield on the 30 year bond, Gold will be $325 an ounce or higher. Now all we need is the Dow to start crashing, and Gold will explode upwards! Although I don't expect the Dow to crash till October!

To: dean poets who wrote (69066)	5/11/2001 10:03:09 PM
From: d:oug	Respond to of 116762

... Cambior up... has 90% of their Gold production hedged For reference, your short post follows: I see Cambior (CBJ) is up 25-30% over the last few days. Who in their right mind would buy this stock during a Gold rally? Cambior has 90% of their Gold production hedged @ around $290 an ounce. dean, My knowledge on Cambior is near zero. Its part of a Zappa story that is not related I assume, and all I remember is the hedged problem caused this company to get into lots of money problems that required lots of shareholder wealth to be lost so that other parties could "get their money back." Clueless I am to where this company is located as headquarters, or who controls it, or even where it has mines as in locations of what nations. All I can remember is that it has mines that do contain gold that has been mined. Why up could be that someone things the price of gold will drop lower to near zero dollars. If this helps close or ok's their hedge books I will guess. Or the opposite in that two conditions connected will happen, that being the gata effect to identify criminal activity that will cause the price of gold to rocket to $2,000 with the additional occurance putting blame on those parties who comitted crimes that caused Cambior's problems to happen leading to the result that Cambior's shareholders can sue the guilty folks/institutes and have them "pay the pipper" and put Cambior the company back into the role it would have been if not mess'ed with by those banker(s) company officer(s) etc. Imagine if this company had all it problems taken away and the price of gold jumped very higher, and thusly if its ground reserves held lots of gold mine'able. just speculation with guesses. doug