SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TigerPaw who wrote (7455)9/26/2002 3:52:23 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
could it be that gold sector is wise to Barrick hedges?

check this out

HUI 122.1, at -3.02% today
XAU 68.7, at -5.03% today

usually the pct moves for HUI are much larger than XAU
ABX 15.76, at -11.31% today
Barrick is the cause
but the gold index movement is a fraction of Barrick's
this might mark the beginning of their long slide
and in fact should go counter to the gold sector

Barrick pulled a tank job in mid-July
compare them to XAU index with this double chart
50 million share spike around July 17th

finance.yahoo.com

compare them to HUI unhedged index with this double chart
the HUI recovery in August-Sept is a little stronger

finance.yahoo.com

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext