Come over here Mr. Ni conspiracy believer,...it is the appropriate forum for your conspiracy junk. I neither believe it, nor find it useful in determining my investments in gold companies.
http://www.siliconinvestor.com/readmsg.aspx?msgid=14435966
Barrick is a small player in determining the price of gold. Their forward sells are countered by options that will allow their profitability to participate in any rally in the POG. In the meantime, they make far more per oz AU on contango than non-hedged companies do on their gold sales. That is a prudent policy that has funded their growth for years. They have doubled their reserves and production over the last few years, in large part due to this policy, while the rest of the industry, on average, has floundered. If you look to the future, they will double production and reserves again in the next few years, again due in large part, to the extra money gleaned by their superior hedging, leasing and fiscal policies.
What other gold company can say the same. If you can prove to Bob Johnson what you say is true, I might listen to you. Until then, the static on my radio makes more sense.
Come on,....I double dare you (ggggggggggggg).
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