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

To: Leeza Rodriguez who wrote (18003)	9/7/1998 4:21:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116791

>>>Reasons to own gold now: >>> Aside from insurance issues (currencies play) Mining stocks have an incredible fundamentals....All this talk on how POG dropped in Dollar terms, completely overlooks the very fact of dramatic reduction in costs for majors, incredible opportunities for fenomenal aquisitions..and simple fact that they are hedged, make huge amount of money and poised to have a further windfall on any up-side move...that is simply not avoidable when so many weaker producers are cutting production, freeze it or go out of business further strengthening fundamentals...( average cost of production in industry is close to $300)..More so your portion of portfolio in gold means that you did not waist it all on say Citicorp (cut in half in one month) At the end fundamentals/earnings rule in any industry..they are great here As for SA stocks they are so popular because they are not hedged and stand to have greater windfall on upside and many pay divident (5-10%---how much Dell pays?

To: Leeza Rodriguez who wrote (18003)	9/9/1998 8:03:00 PM
From: Roderick Francey	Read Replies (2) \| Respond to of 116791

Hedge funds are at least 1,000 metric tons short of gold ... "..an amount equal to about half the world's annual gold production. Can you say short squeeze?" Greetings Leeza. Sorry I couldn't reply sooner. The green virus posts have been slowing me down. Another 300 posts to go. I didn't know about this short squeeze ... or maybe I did but needed someone to pound this into my head. 1,000 metric tons is a heck of lot of gold. This reminds me of the Chinese short squeeze last year of zinc. Over 200,000 tons shorted. Drove the price of zinc sky high, albeit temporarily. Maybe it's gold's turn.