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Gold/Mining/Energy : Gold Price Monitor
GDXJ 89.99+2.8%Nov 5 4:00 PM EST
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To: long-gone who wrote (36023)6/27/1999 11:53:00 PM
From: Enigma  Read Replies (2) of 116752
 
I think the reality of the gold business lies in forward sales and hedging - companies have to face this and have to use forward selling to finance new projects in many cases. Barrick has been the leader in this - no question - so it is easy to make them the bogey man, but IMO I think they should not be set up as a straw man. Barrick has also been a leader in gold mining practice - focusing on reducing mining costs. We're not talking about philantrophy here -we're talking about the most efficient business practice and risk management.
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