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


To: Keith Monahan who wrote (8606)3/20/1998 2:53:00 PM
From: Greg Ford  Respond to of 116762
 
It think it depends on the producer. Producers who have hedge books will be better able to restraint themselves from hedging at a price of $300. Those without hedge positions may find the $300 level attractive. The average price based on the PM fix for 1998 is $294.
Based on this average $300 doesn't look bad .

Interest and gold lease rates will also be a factor in hedging decisions.

Greg