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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.63-1.4%Oct 31 5:00 PM EST

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To: long-gone who wrote (36043)6/28/1999 8:40:00 AM
From: John Hunt  Read Replies (1) of 116741
 
Re Barrick Gold

Morning Richard,

The real question is could they make the profits they are are reporting from hedging alone.

I seriously doubt it, which means that they must be speculating on the short side, as well as hedging ... Their profits took a big jump (4-5 times) in 1997 and 1998, indicating a possible shift in the nature of their 'premium gold sales' strategy.

barrick.com

Click on 'barrick at a glance' and then on premium gold sales.

IMHO, if gold takes a big run and they get burned badly, I am sure their are plenty of lawyers willing to take the class action case on behalf of their shareholders.

BWDIK.

John

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