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Gold/Mining/Energy : Gold Price Monitor
GDXJ 127.15+0.4%4:00 PM EST
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To: Claude Cormier who wrote (39192)8/17/1999 9:06:00 PM
From: Don Lloyd  Read Replies (1) of 116857
 
Claude -

(.... But that doesn't remove the risk if gold moves straight up past Barrick contract prices and never comes back.
The higher the price of gold goes, the larger would be Barrick losses.)

Unless I'm mistaken, these would merely be opportunity losses, the same ones you suffer when you sell a stock for a 100% gain and allow it to rise further without you. Since Barrick has presumably sold only a fraction of its reserves, it could benefit greatly from a large and persistent gold price rise that re-priced its reserves.

Regards, Don

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