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

To: PaulM who wrote (10963)	4/30/1998 12:19:00 AM
From: Greg Ford	Read Replies (1) \| Respond to of 116764

I think you have to look at the source. Newmont is anti-hedging. they have been since Goldsmith and Soros took an interest in the Company in 1993 (subsequently sold I believe). Their management is merely envious of companies like Barrick and Placer which are able to realize prices much higher than current spot. In this low gold price environment they cannot replicate those hedge books. It would not surprise me if Newmont becomes a hedger once prices increase. Hedging is merely a risk management tool, nothing more and nothing less. Although hedging may accelerate the mobilization of gold, the volume well large, has been reasonably constant over the past several years. Greg