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

To: Michael Collings who wrote (70808)	5/30/2001 4:06:00 PM
From: Alex	Read Replies (2) \| Respond to of 116764

I know that many of the juniors and mid size miners have little or no choice here, but I think that if some of the majors, who have very good cash flow, covered their hedges, there may be a sustainable rally in the pog. The rally itself would help maintain their cash flows. And their shares would rally. But maybe the majors do want the pog down. Maybe their long term plan is to force these marginal players to sell their finds to them at ten cents on the dollar in a distress sale. OK. Enough. My head's starting to hurt. Regards, Alex