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

To: gmccon who wrote (22203)	10/24/1998 10:58:00 AM
From: goldsnow	Read Replies (2) \| Respond to of 116756

....and there is more to that..Barrick by hedging tons of Gold (along with others) have several options: They can buy the hedge out to take an immediate wind fall (that would also get POG in all likelyhood to go up; They can increase production thus driving small companies out of business (similar to large airline carriers getting rid of smallup-starts); they can buy properties on the chip; But wait..there is even more, if one to accept that there is 8000 tons of Gold short, they can buy Gold, close unproductive mines and get ready for year 2001, when they can hedge again..POG $450? $500?....? I venture to predict that POG $400 is virtually a given in year 2000 as Barrick and others would have to drastically curtail production...I guess that what Newmont and other unhedged mines are banking on...