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Gold/Mining/Energy : Gold Price Monitor

GDXJ 126.27

+3.5%

Jan 12 4:00 PM EST

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To: IngotWeTrust who wrote (90542)	10/13/2002 11:41:18 AM
From: long-gone	Read Replies (2) of 116852

<<so I wonder what Barrick has REALLY done with the gold carry trade money that dropped their earnings forecast a healthy 30%-ish haircut?.>> Yeah, good point. Or could their Income come down due to amount forward sold at a lower than current price? See, this is exactly what I've always said, It isn't laws against hedging which is needed, or laws regulating derivatives exposure(except in those cases of banks which are insured by public funds) as are suggested by many "gold bugs", that which is needed & should be demanded by all investors & required by law is nothing less than full & accurate disclosure of all positions - including actions by the Federal Reserve & or Treasury. Anything less smacks of fraud.

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