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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

Nov 26 4:00 PM EST

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To: Ken Benes who wrote (47043)	1/13/2000 7:56:00 PM
From: Enigma	Read Replies (2) of 116768

I've never denied that companies lease gold - but you repeat and repeat the same old stuff - as if none of us haven't hard it before again and again. I think we know, have always known, that companies lease gold. An interesting point was made recently on the Barrick Thread that it is one of the only majors which is actually growing - with strong internal cash flow, a strong balance sheet, with lots of new production coming on stream over the next few years, and with potential acquisitions in Tanzania and elsewhere.. The company has known from its early days that the secret of this business is to mine ore at a profit - whatever the prevailing price of gold. So dream on about companies ceasing hedging, forming cartels, etc. It won't happen.

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