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To: rolatzi who wrote (169217)5/31/2002 6:36:58 AM
From: rolatzi  Read Replies (2) | Respond to of 436258
 
Gold is doing some heavy lifting overnight - currently at $328.40 up $2.20.
Will shorts want to close their positions before the uncertainty of the weekend?
Ro



To: rolatzi who wrote (169217)5/31/2002 11:20:52 AM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Information is from their last quarterly report. Hedge is in the form of currency futures:

harmony.co.za

Obviously, there is also an inherent hedge that a falling dollar correlates to a rising POG generally, which offsets the currency effect as well. That applies equally to GFI, so it does not confer an advantage on one vs the other.


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