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Gold/Mining/Energy : Gold Price Monitor
GDXJ 104.50-2.0%4:00 PM EST

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To: Ken Benes who wrote (72355)6/26/2001 7:50:32 AM
From: long-gone  Read Replies (2) of 116798
 
Here extremist gold hater, read & understand:
from:
Barrick Gold's Buyout of Homestake
Stokes Conspiracy Theorists

By Aaron L. Task
Senior Writer
www.TheStreet.com
June 25, 2001

Key Quote
"While that's a fringe view, the first question on the conference call was about hedging, specifically whether Barrick would increase its activities to account for the newly acquired Homestake production.

Not at all, Barrick CEO Randall Oliphant replied on the call, noting the company has traditionally hedged between 20% and 25% of its reserves. "Given the positive tone in the gold market, we're comfortable where we are today, and have no plans to change" the hedged book, he said."

thestreet.com

Need some seasonings while eating that crow?
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