Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject	6/7/2002 4:30:09 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

Cramer "blinked" on GOLD - "said he be buying Barrick ~ Did you all catch Kudlow & Cramer last night with Barricks Oliphant being interviewed ? Cramer - "blinked" vis a vie gold fwiw. Fawned all over Barrick... talked about REAL earnings vs. imagined future (techland) profits... Kudlow over-simplified (whodathunkit ?) Barricks position - ie: sell it for $330 and it only costs $175 to bring it out of the ground, so that's $155 per oz profit etc... Cramer applauded their hedging strategy - of which Oliphant spun to their advantage etc.... anyway..... drum roll please: Cramer said he'd be buying some Barrick ~ Barrick & Cramer... they deserve each other. Wouldn't ya know - when he chose to sit down at the yellow table for some humble pie... he chose a HEDGER ~ PS: Looks like the "Trading Goddess" called the bottom/MOABO too soon as well... PS S: ain't no MOABO 'till we see the white of JPM's eyes: JPM and the Gold Cabal must die... and a miserable Derivative-led death it shall be... So it is written - so it shall be done. GOLD: Foi Est Tout ~

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