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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.07

+0.7%

Jan 16 4:00 PM EST

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To: d:oug who wrote (39618)	8/26/1999 11:08:00 AM
From: Ron Everest	Read Replies (2) of 116893

Doug: GATA comment <<<<Barrick, and most other hedgers, face the risk that a prolonged upturn in lease rates will erase all the benefits of hedging. >>>>> Untrue statement. ABX is protected and has fixed interest pay rate negotiated in their contracts. I talked to one of their top financial people approx 1 month back on this. This matter has been thoroughly discussed on ABX threads, SI and Yahoo. Getting boreing going over the same stuff over and over again. GATA should get their facts straight on ABX IMO.

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