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Gold/Mining/Energy : MIRANDOR-MIQ ON MONTREAL -- Ignore unavailable to you. Want to Upgrade?

To: saul mikaliukas who wrote (2069)7/28/1998 4:21:00 PM
From: Bob Tate  Read Replies (1) | Respond to of 2635
 
Hello Saul
Kinross Corporation repurchased spot deferred sales contracts for 208,200 ounces of gold, sold 103,750 gold put options and closed out a substantial trading position.
They closed all PUT options in anticipation of higher Au price.
USA gold also reports very little supply coming out of producers in anticipation of the same.



To: saul mikaliukas who wrote (2069)7/28/1998 8:52:00 PM
From: Peter Neidhardt  Read Replies (1) | Respond to of 2635
 
I have to admit, Kinross closing out their hedge program seems to be rather bullish wouldn't you say?!? Homestake and and Kinross not to mention a few other producers have closed their hedges out and obviousily are very confident that gold must be turning the corner sometime soon!

Just my 2 cents!


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