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Gold/Mining/Energy : Gold Price Monitor
GDXJ 107.29-0.9%Dec 2 4:00 PM EST

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To: Enigma who wrote (44752)11/8/1999 6:40:00 PM
From: Ken Benes  Read Replies (1) of 116791
 
Correction, you substituted a hyperbole for a hypothetical. You make references to me being presumptive, yet, knowing little about me, you announce my visit to Europe included the hash houses of Amsterdam, you refer to me as a day trader because of my reference to intraday data. Unfortunately your most presumptive references were reserved for the hedgers who will shine as the eps and balance sheets improve because of the quaranteed price they will receive for gold. Barrick by this account should have been a very successful investment since 1993. They have increase reserves, production, and have locked in relatively high prices for a substantial part of their production. Why then is barrick trading at its 1993 price.
You cannot give an answer, but you can provide your hackneyed mantra of hedging = rising cash flow and profit = rising share price.
Your lack of sophistication exposes you as an investor with skills comparable to a bingo player.

Ken
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