Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (55590)	7/2/2000 10:00:53 AM
From: Ken Benes	Read Replies (2) of 116764

Not for long. As sure as god made little green apples, you can bet that barrick is going to use that five million ounces reserve base to collateralize additional gold loans. So instead of the current 500 thousand ounces of production presto, their is an exponential increase of new supply and gold sputters in the 280 range. You can also bet that barrick will promote the arrangement as some kind of novel package with no downside but having the benefit of enjoying a ride up if gold increases in price. The thought of it makes you want to sell some more barrick shares. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next