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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Scripts who wrote (697)9/5/1998 7:47:00 PM
From: Enigma   of 3558
 
Tom - re ABX and possibly unwinding their hedge position. Funnily enough I was thinking of that just yesterday, and my thought was that at the very least Barrick must have an internal staff group considering this on an ongoing basis - and as a discipline. Their hedging program has been so innovative and successful that one would have to think the odds are against this move - but they have to be considering all the arguments pro and con. IMO there is no way that anyone on the street would have any actual knowledge of what they are thinking at Barrick, so the posting you used was just an intelligent guess by someone. E
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