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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%Nov 12 4:00 PM EST

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To: Ken Benes who wrote (73141)7/9/2001 3:12:51 PM
From: Zardoz  Read Replies (1) of 116758
 
The markets have become wise to risk associated with a complicated hedgebook, and the markets have also come to understand that companies with derivative risk have an interest in maintaining a stable gold price. Barrick has suffered because of this and it is evident in their share price.

What do you base that one, your ideas of the world... It seems that logic fails you once again in life. Try comparing the equity value of ABX versus NEM {which is limited hedged, and for some unknown reason preferred by fools alike}

quote.yahoo.com

Geee ABX is some 20% better then NEM over 5 years... guess that just blows your opinion out the window.
Let's compare ABX to HM?
quote.yahoo.com
Well ABX is still better...
Maybe HM versus NEM?
quote.yahoo.com

Hutch
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