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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Activatecard who wrote (2573)5/9/2002 9:48:08 AM
From: nickel61   of 3558
 
WOW! "Barrick's off-balance sheet losses amounted to nearly half a billion dollars while it showed $46 million on the books, revealing the company's sensitivity to even moderately higher gold prices. A Toronto analyst says Barrick's hedge book has a sensitivity ratio of $21 per ounce – for every $1 move up in the gold price, the mark-to-market value falls by $21 million."

Thanks for the post SAF!!!!!!!!
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