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

To: Michael Collings who wrote (70800)	5/30/2001 3:21:29 PM
From: Box-By-The-Riviera™	Respond to of 116763

nice view!! thanks for taking the time to share that J

To: Michael Collings who wrote (70800)	5/30/2001 3:21:29 PM
From: Box-By-The-Riviera™	Respond to of 116763

edit.. double post

To: Michael Collings who wrote (70800)	5/30/2001 3:34:58 PM
From: Alex	Read Replies (2) \| Respond to of 116763

Hi Michael. Thanks for the post. I really don't think that we are that far apart in our thinking. Long term, something has to give here. But how long? Someone has to blink here first before there will be a meaningful change. PDG tried a couple of years ago by announcing that they would be cutting back on their hedging. It worked for a brief rally, and when there was no meaningful participation from other big producers, the rally fizzled. As I don't follow PDG real close, I believe that even they have turned away from this strategy now. From your post.... "So if gold goes down I win, and if gold stays in a trading range, I win. But if gold goes up, I only lose the potential profit on the gold I have sold forward." True. But what about your stockholders. Sure, this may get you through till the next time, but long term it's a no brainer. Your shares trade off the pog, not hedging strategy. Even if you earn zillions, your share price drops as your forward sales help depress the pog. I cannot believe that there hasn't been a shareholder revolt over what has been happening throughout all this. Wow is right. I simply have too much time on my hands today :-). Later. Regards, Alex