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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Zardoz who wrote (1940)1/16/2000 1:00:00 PM
From: nickel61  Read Replies (1) of 3558
 
And who in their right mind would buy a hedge portfolio with gold currently selling below the full cost of production a 10,000 tonnes short position and the dollar losing market share rapidly? The game is over for heavy hedge postions and even Barrick is beginning to realize it. Gold can't be driven any lower and I can't believe that you don't seem to understand that.
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