<< I have noticed that Bill Murphy is reluctant to debate.>>
This appears to be factual. He must be very with GATA to engage debate.
<<Mulroney - love him or hate him - has never been indited or charges with anything. He ran a sleazy government - but is free to be on any board of directors - and Barrick is free to appoint him for his extensive connections around the world.>>
If it walks like a duck. A good study will start back in his IOC days.
While I never owned ABX, I have owned Placer Dome, Cambior, Kinross and many juniors. I suspect/guess that ABX has to play with the Hannibals beccause of their hedging program. And while I have studied the CSC version of options, derivatives etc, I am far from what anyone would call an expert.
That being said, I would only wonder why ABX did not join the other producers when they went to complain about the BOE sales program. In addition, why would ABX discontinue the millenium coin sales program, if it were not to reduce gold demand and protect their hedge position.
So my infantile analysis leads me to guess that their hedging/deravitives or whatever is useless if the POG goes higher (?>$US315 as per GATA). So it is in their best interest to support the manipulators and hedge funds in deep kaka to reap the benefits of their strategy and scoop up/pick the meat off (vulture angle) any poor mining company that cannot produce at a profit in this manipulated environment.
If as GATA claims, that the Tiger, ABX and GS are betting on a low POG, I would not want to be a ABX shareholder if the manipulation strategy backfires. Unless of course, I'm missing something?
I also think that GS and ABX would not dare sue GATA because it would only serve to draw unnecessary attention to the alleged manipulation. So they must grin and bear it. Stated differently, they will not do it for fear of giving ligitimacy to their(GATA's) cause. If they go to court the discovery process will kill them (the manipulators). Who is the law firm advising GATA? GATA actions is not being done in a Vacuum.
Winzer |
