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

To: IngotWeTrust who wrote (90100)	9/27/2002 2:55:01 PM
From: E. Charters	Read Replies (2) \| Respond to of 116764

Gold is proven the MOST inelastic commodity on earth. I would not say perfectly inelastic, but only information is more inelastic. You cannot have a pleth of info.

To: IngotWeTrust who wrote (90100)	9/27/2002 3:00:08 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 116764

ABX July earnings concall revealed a $300M hedgebook swing to their detriment they announce reduction in their hedgebook, which is vast I single out gold hedging versus production only because that industry is the only one on earth to forward sell more than four years of world production they deserve such distinction and singled out scrutiny just how are their undisclosed hedge losses being accounted? you dont believe in their deferrable clause out 15 yrs? do you believe they can cover forward hedge sales and still maintain levels of production? how is their cash flow affected? you critique without offering any enlightenment, thus belying your moniker in "Gold Tutor" I see no tutoring whatsover lower production poor price sounds real fishy and deceptive to me I welcome any clarification and elucidation respectfully, jim