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Gold/Mining/Energy : Barrick Gold (ABX)
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To: russet who wrote (2574)5/9/2002 12:28:43 PM
From: nickel61  Read Replies (1) of 3558
 
Here is another of those GATA knaves or "clowns" as you call them.
BOBBY GODSELL:"we think the gold price is firming and that we've got better prospects for the gold price than we've had certainly since 1993 (1993 = 400 an ounce), maybe even since 1987 (1987 = 500 an ounce). Against that background, we've been trimming back our hedge book."

If the above message is not a signal by a major world player & market maker informing the world where gold is heading I do not know what is!!!

Bobby Godsell goes on to say, "We've reduced our hedge book by 1.7 million ounces this quarter,

or <<<<<<<120 percent of the company's production.>>>>>>>>>

We are now significantly less hedged than we were last quarter. That increases our participation in the firmer gold prices…"

MONEYWEB: Now the gold price is flirting with around the $310 level. Where do you see that by year-end?

BOBBY GODSELL: Byron, all we can say is -- my colleague Kelvin Williams has studied this market for 17 years now -- everything is in place for a firmer price.

Again, "Better prospects for the gold price than we've had certainly since 1993, maybe even since 1987." (500 + gold price)
BEFORE BOBBY GODSELL became a shill for GATA he had already been the head of ANGLOGOLD of South Africa, the world's largest gold mining operation.
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