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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Richard Mazzarella who wrote (47373)	1/23/2000 11:44:00 AM
From: goldsheet	Read Replies (5) of 116759

> Why would an investor buy something designed to sit still? They wouldn't, but Barrick does not sit still, since over 70% of reserves are NOT hedged. I traded Barrick three (3) times last year and did great. I have been using my XAU/AU ratio for many years as a trading tool, and since one can not buy the XAU I use ABX to trade - works just fine for me. > IMO you took my last post on Barrick much too seriously. Was not aimed specifically at you, but generally. There are folks who only know Barrick hedges based on all the SI anti-posts. They probably could not tell you production, reserves, cash flow, earnings, or even name one of their mines but "know" Barrick is evil. I actually read annual reports cover-to-cover including footnotes, instead of just looking at the pretty pictures ;)

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