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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Enigma who wrote (1559)12/14/1999 2:24:00 PM
From: nickel61  Read Replies (2) of 3558
 
DD just for you.

ABX is even p#ssing 80 year old authors off.

"Arthur Hailey has written some of the
most successful blockbusters of the century
and has earned a fortune from his efforts.
Much of it he put into gold stocks, but
the author is now furious about the way
leading gold producers appear to be
fixing the market. David Guyatt reports.

**********************************

Internationally renowned author, Arthur Hailey,
has waded into battle on behalf of honest
mining-sector shareholders who oppose an
international cartel composed of Wall
Street's finest blue chip companies and a
group of leading gold mining operations
said to be manipulating the price of gold.

Hailey, who is now almost 80 years old and
has made millions form his bestsellers Airport
and Hotel among a host of others, has now
written to major gold mining company, Barrick Gold,
to tell them he is "disgusted" with the way
the company had "excessively" hedged, their
future production. He believes that the
company's hedging strategy was designed
to create downward pressure on the price
of gold which would otherwise "rise to
natural and honest levels."

Hailey's letter to Barrick states that
he is an "enthusiastic supporter of the
Gold Anti-Trust Action Committee (GATA)
and that until "a few days ago," he was
a "long-time shareholder of Barrick Gold,"
along with his wife. He then adds ominously:
"But no more."

Man who are they going to get mad next.
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