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

To: Rarebird who wrote (73007)	7/7/2001 11:00:17 AM
From: gold$10k	Read Replies (1) \| Respond to of 116752

Rarebird, do you still believe that this is a gold bull market or not? Have you sold anything yet?

To: Rarebird who wrote (73007)	7/7/2001 12:05:02 PM
From: Square_Dealings	Respond to of 116752

<Watch what happens as the commercials continue to increase their short position in gold futures:> I see the stability of the gold price at these levels with such high level of commercial shorts as a positive. Eventually short positions are reversed. The mining companies can effectively unhedge VERY quickly through the futures market. So I dont get what the big deal is about hedging??!! Do people think that hedges can't be hedged upon? Consolidation is a sign that producers believe prices are near a bottom. M>

To: Rarebird who wrote (73007)	7/7/2001 12:56:22 PM
From: long-gone	Read Replies (1) \| Respond to of 116752

<<Hedging has its place, especially during a Bear Market. The time to cover hedges is when you get confirmation that a Bull Market has begun. You think ABX is stupid or married to these hedges? >> Whihc is exactly what I've been trying to tell everyone, Ken & the rest of the gold bears have been mindlessly chanting their stupid mantra of "They will only increase their hedge positions" "They will only increase their hedge positions". Even though ABX said the gold market has turned positive & there would be no additional hedging! Who do they think will increase hedge books? AU has reduced hedge book & has said it will further reduce. NEM has near no Hedge position as does Harmony. ABX + HM will not increase hedge position. The rest of the world's mining total is not a significant percentage! Don't they get it?