...hate on this thread for ABX Barrick, must be something...not telling me...
Its quite simple if one identifies Bill Murphy who is the Chairman of GATA,
Gold Anti Trust Action located at gata.org which is a non profit
organization dedicated to have truth justice and the GREAT American Way that
has been violated by evil persons to obtain power and wealth thru corrupt
means, to be reinstated by identifing how gold has been maniputated in a way
that its importance as a means to prevent corruption, and its capatibility
to identify and punish and stop the present day mismanagement of the USA
economy that puts it and the world economy at risk. Its more than the
price of gold as a focus, but GATA is limited to that task, while another
Bill Murphy creation which he is the Le Patron of the Le Metropole Cafe
located at lemetropolecafe.com engages the knowledge of many
world noted experts in all the aspects of the gobal marketplace to explain
what is really happening so that the spin and hype and lies of those who
are not on the side of fairness and honestly are exposed. Sadly this is
a pay for view web site so that Bill Murphy does not end up on the streets
of a big Texas city homeless and unconnected to the internet except after
he takes a shower whenever it rains and is allowed into a public library.
Also, imagine one who is accustomed to buying and drinking the best beers
the world has to offer, like a wine connoisseur, and then homeless on the
streets going thru trash cans looking and hoping to find any discarded
beer cans with remaining warm flat beer still inside. Wanna cry just
thinking of the possibility, and of the possibility that thousands of
new persons visit lemetropolecafe.com and pay NO money thru
accepting a FREE 2 week trial look & see and enter the Cafe and read the
thoughts of those who are at the top of top in knowing what is what.
As for the heated discussion about Barrick ABX and hedging, a short simply
example by me might identify it a little.
Imagine a farm that produces food for the rest of us.
They can win or loose each year based on the weather.
So enters people willing to speculate, which is like a gamble.
The farmer sees his farm as a way of life to value and contine.
The farmer does not farm to get rich or have a secure and easy job.
Talking old fashion farming here, 100 years ago.
So farmer forgoes a possible big gain or lost money year with an ok one.
No problem for the farmer, he ineffect un-gambles his farm.
The farmer knows that he has a guarantee to not lose the farm.
Money, farmer farms for the life style, let speculators work the money angle.
Now imagine a difference here, long ago, at the Barrick Chicken Farm.
Farmer Barrick mets this shiney slimly city slicker named dRon.
Farmer Barrick and dRon create a new type of speculation.
Later farmer Barrick goes to town for seed and sees other farmers talking.
Other farmers say "Hope for good weather so we all can have good farms."
Farmer Barrick says "Hope for very bad conditions, weather & prices."
Imagine the thought and project it onto other areas of life.
An attitude that one should not work for success, but for failure.
As what is most important. To expect and plan for failure big time.
Just a thought, a way to start each day. The more that do it this way,
the more it becomes "the way", until it the correct way, and then it will
be the only way. Plan big time that to become a looser is ok and correct
because if it happens --- You Will Win, Not Loose ---. And as we all know,
no free lunch, for every winner will be a loser, every coin you find on the
sidewalk is you gain and someone elses lost. But farmer Barrick is not
worried or concerned since he is alone in this big time, and those not into
this type of hedging will be the loosers supplying his winnings. Only if
all farmers join in would there be no Suckers to supply the gain for a
loosing Hand. But then collapse would happen, as all of the scam and con
games do, and the ones who created this way run away with the goods.
The bottom line is that the stock[ABX] is going nowhere
until they close at least part of their book.
That's your opinion and if you believe it don't buy! It's really quite simple.
...that might be true, but one can make $ off the stagnant price by
sellin' calls, so , who cares where she goes...
there is some sort of hate-on on this thread for the stock...
there must be something some one is not telling me,
but i sure ain't gonna go back on the thread to figure it out...
... gold mining companies should be in the business of producing gold.
ABX seems to be in a different business and I for one would love to see
them eat dirt.
3 1/2 million ounces of gold isn't gold?
They undermine the very business that they pretend to be in.
this thread should be shut down...no one tuckin' listens to nobody...
nonsense! |
