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

To: long-gone who wrote (34552)	5/26/1999 11:12:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116782

UK Campaigns for "faster, wider, deeper" Debt Relief for Poor Nations asia.yahoo.com Nobody has yet noticed that the most strident supporters gold sales happen to regulate the world's largest gold market.

To: long-gone who wrote (34552)	5/27/1999 6:03:00 AM
From: Zardoz	Read Replies (2) \| Respond to of 116782

"Hutch, do you have a list of S&P 500 member companies?" No, but it took me 4 minutes to find you one... {I'm getting old} spglobal.com Which of the members of the XAU are on the list? Well a list of the XAU is: gold-eagle.com phlx.com Note: Gold-eagle and PHLX seem to disagree.... so you choose. PHLX.XAU : Issue Symb Per Barrick Gold Corporation ABX 33.12% CDN S&P500 Ashanti Goldfields ASL 4.13% Battle Mountain Gold Company BMG 3.04% S&P500 Coeur D'Alene Mines Corp. CDE 0.49% Freeport McMoran Copper & Gold FCX 12.80% Getchell Gold Corporation GGO 4.30% CDN Hecla Mining Company HL 0.68% Homestake Mining Company HM 10.96% S&P500 Newmont Mining Corporation NEM 16.11% S&P500 Placer Dome Inc. PDG 14.37% CDN S&P500 So: ABX :Barrick Gold Corp. BMG :Battle Mountain Gold HM :Homestake Mining NEM :Newmont Mining PDG :Placer Dome Inc "Could the XAU really be far south of here were it not for the impact of S&P 500 index funds?" Ohhh very much so. ABX/PDG/NEM/HM make up most of the XAU. And actually distort the results of the XAU. Consider 77.6% of the XAU is in the S&P500. I'd have to say your answer would be 100% YES. The S&P 500 index is giving support to the XAU index, and these producers. We should say "God bless the index players", as they are creating that asset bubble in all equities, including XAU. I like your question it was a good one. I like to look at this chart: quote.stockwatch.com and compare it to the XAU chart to see when the pressure is on the XAU. The XAU is a badly weighted index... favorites to few stocks. Now for you: Of the XAU, how many are hedging, and what portion are CDN? Does thw foreign producers hedging make a difference to price preformance? NOTE: I know some of these weighting may have changed May 25/99... But I wasn't told. :p