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

To: Alex who wrote (30858)	3/29/1999 11:19:00 PM
From: Ironyman	Read Replies (2) \| Respond to of 116790

Alex, Newmont is working on a much larger deal in Boliva! Regards, Eric Parde

To: Alex who wrote (30858)	3/30/1999 1:22:00 AM
From: Zardoz	Read Replies (3) \| Respond to of 116790

"Asked if he would consider hedging strategies that leave the upside open, such as put options, which preserve the upside potential, Cambre said, ''We obviously look at those strategies from time to time. But given where the price of gold is right now, that doesn't look like an attractive strategy at this point.''" That would suggest to me that they believe that there is still much more risk on the downside, then upside. Unwillingness to take on a put option suggests the pressure is still there. Not a bullish comment.