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

To: Ken Benes who wrote (74026)	7/26/2001 11:01:25 AM
From: Rarebird	Read Replies (1) \| Respond to of 116759

<At the heart of that issue is the producers failure to represent the shareholders in their decision making process while mortgaging their future to bankers who have enticed them with a bill of goods that have seriously compromised their independence.> I take issue with that. When the fundamentals are bearish, a smart producer will hedge to cushion the downside for its shareholders somewhat. You assume but can offer no proof that hedgers like ABX and PDG are in bed with the bankers. It is the movement of the USD, not the bankers, that move the producers to initiate and close hedges.