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Gold/Mining/Energy : Barrick Gold (ABX)
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To: tyc:> who wrote (2646)5/13/2002 5:28:53 AM
From: nickel61  Read Replies (1) of 3558
 
Your comments pretty much sum up the entire situation. It is amazing that people who think interest rates might well have bottomed a year ago are still willing to claim that buying more bonds will not be a poor strategy. The only way they can even make this claim is if they think the US dollar will not fall in value against gold and that the marked to market value of the bonds they buy is irrelevant because they "never intend to sell the bonds but instead intend to keep them to maturity, therefore not "losing any money" this is funny when an old lady says it but it is pathetic when someone commenting on a financial structure of a publicly traded company claims it." Don't they realize that the value of the bonds will still be reflected in the market value of the stock of the company that is pursuing this strategy. Barrick in this case...give me a break what could be more basic?
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