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

To: Crimson Ghost who wrote (13038)	6/13/1998 7:31:00 AM
From: John Mansfield	Read Replies (3) \| Respond to of 116790

To all - Question on forward selling. I read on this thread that a number of gold mines have done a lot forward selling. Forward selling would inhibit a rise in stock value when the gold price would rise. NEM has been mentioned as one of the mines not involved in a lot of forward selling; they might therefore go up more relative to other mining stocks in case of a gold run. Is forward selling a valid factor in selecting a particular mining stock? Any reactions would be appreciated! TIa John

To: Crimson Ghost who wrote (13038)	6/13/1998 7:43:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116790

good morning George: I don't read the kitco site(I don't have the time and don't really have the time to cover all I try to cover :<)..but the person I spoke with this morning isn't turning bullish..the way he spoke, he has been bullish for a while..don't know how long though..this is the first time in ages that he is bearish on the general market. I know he has called the last two upswings in the equities market incredibly accurate.. boy did he make my morning today! I didn't ask him if he thought the Dow would hit over 10,000..he also doesn't predict the market down the line since he uses mostly short term indicators and seems "very very humble with his market calls"..he did say that the market has been in a bull phase since 1990 and has gone on longer than seven months than usual.. I view the start back in the early 80's..but he has been following the market most of his life so I defer to his knowledge.. hopefully we won't see 260..who really knows :> bobby (watching to see if oil service sector has finally bottomed.. have difficulty with oil prices since I think the move is into natural gas)...also still think the year2000 problems will lead to something very very very strange..and am wondering how the market will react.. probably see some reaction by 1999...those 99's appear to also be an inherent problem in embedded systems...