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To: Ken Benes who wrote (73350)	7/12/2001 4:27:15 PM
From: marek_wojna	Respond to of 116756

Ken, for the first time I agree with you, even if it means POG 200. But is too late. The only way you can kill huge hedging bastards is an unexpected move, event which will blew the present system without too much warning. As for the small producers they doing not too bad without forward sales, so why selling them?

To: Ken Benes who wrote (73350)	7/12/2001 4:31:56 PM
From: long-gone	Read Replies (1) \| Respond to of 116756

No Ken, no one ever got a SINGLE CORRECT MESSAGE FROM THE LIKES OF YOU! Would have been far better of taking profits, all profits, every chance. You have no concept of actual numbers. The only thing that really sucks are losses - well & you of course.

To: Ken Benes who wrote (73350)	7/12/2001 4:34:58 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 116756

<A prerequisite for a turn around are the producers regaining a semblance of independence and acting like corporations rather than lackeys for groups which are making a fortune off their irresponsible management that has been so instrumental in the savaging of the pog.> Possibly True. But it could be that we will see an unexpected trigger at the Genoa summit. Still, what you say may be slowly hapening. I don't think that ABX intention is to hedge whatever it can of HM' unhedged resources. Bullion bankers must have a tough time finding producers that are enthusiastic about entering new contracts with current intremediate and long term prices.

To: Ken Benes who wrote (73350)	7/13/2001 7:57:43 AM
From: long-gone	Read Replies (1) \| Respond to of 116756

This analyst reminds me of you the the rating of HM reminds me of one of yours: What an Idiot! INDUSTRY IN FOCUS • From S&P By Leo Larkin Gold Fundamentals Still Strong S&P is positive on select gold mining stocks because of lower output, weak financial markets and increasing demand for the metal Leo Larkin is an equity analyst for Standard and Poor's Printer-Friendly Version E-Mail This Story Industry in Focus Archive • Find More Stories Like This Gold futures -- and stocks of gold mining companies -- sold off after Wednesday's Bank of England auction of gold reserves. S&P believes the recent drop in the price of the metal - and of stocks of producers -- reflects lower lease rates and a sell-off in the Chicago CRB Commodities Index. S&P thinks a break below the recent low price of $252 per ounce reached in August 1999 is unlikely, and that any such break is unsustainable since the current price is some $100/oz. below replacement cost. Fundamentals for gold mining stocks, and the metal itself, are positive on lower output, weak financial markets and a deficit in supply versus demand. S&P is still positive on selected gold stocks and has 4 STARS (accumulate) recommendations on Barrick Gold (ABX ) and Newmont Mining (NEM ). S&P also has 3 STARS (hold) recommendations on Homestake Mining (HM ) and Placer Dome Inc. (PDG ). Larkin is an equity analyst for Standard and Poor's Any advice, analysis, or recommendations contained in articles labeled "Advice from Standard & Poor's" reflect the views of Standard & Poor's, which operates separately from and independently of Business Week Online. It is possible that BWOL may from time to time publish information that is not consistent with advice, analysis or recommendations that are published by Standard & Poor's. Standard & Poor's and Business Week Online are each units of The McGraw-Hill Companies, Inc. businessweek.com