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To: Jack of All Trades who wrote (167769)5/23/2002 10:38:10 AM
From: Activatecard  Read Replies (1) | Respond to of 436258
 
Interesting article
kitco.com



To: Jack of All Trades who wrote (167769)5/23/2002 11:20:32 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
<<I have wondered if the closing of the DROOY hedge book is responsible for some of the move up POG...>>

It's not just DROOPY...Anglogold, ABX and NEM have all stated that they're reducing hedges. DROOPY has just been more resolute and committed to a near term timetable. All of this is constructive for the POG in the short and intermediate (6-18 month) time frames.