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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (796)	6/20/2002 9:51:14 AM
From: Chip McVickar	Respond to of 1750

marketwatch.com Hedge edge may spark mad scramble Wall Street banks' gold derivatives in danger zone "I see $340 and $360 an ounce as the danger zone for banks, that is where hedging and the hedge book problems start to have an impact," said Ian McAvity, editor of Toronto newsletter Deliberations on World Markets and a director of gold and silver closed-end fund Central Fund of Canada (CEF: news, chart, profile). "I expect to see a $25 up day for gold one day, largely due to someone getting skewered by their hedge book, either the bank that extended it or the mining company."