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

To: Jim McMannis who wrote (34765)	6/1/1999 7:42:00 PM
From: Tom Byron	Respond to of 116906

jim: i think xau is waiting for the new york gold show to open (tomorrow)...:(

To: Jim McMannis who wrote (34765)	6/1/1999 9:22:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116906

"XAU is holding up extremely well. I wonder why that is? Hummm" Well I'm sure you know... ;) Retained earnings from the large hedgers: PDG/ABX etc places an artifical bottom on the XAU due to the weightings of these companies. But when you look at the none hedgers TVX/K etc, you see that the slide in the gold has effected the bottom line of the gold companies. So if you hedge, and make up 2/3 of the XAU, it will hold up quite well, until yields on the long bonds start to raise. Hutch.