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Gold/Mining/Energy : Barrick Gold (ABX)
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To: russet who wrote (2610)5/11/2002 9:51:52 AM
From: nickel61  Read Replies (1) of 3558
 
So Barrick's value added is due to the fact that they hope they can accurately predict where the gold price will be when their calls expire. How would they know that? They are either purely speculating or they have a reason why they think they can guess the gold price better then the buyer of the calls. Correct?
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