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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Dundee Maples who wrote (3219)12/25/2002 12:29:41 PM
From: Ken Benes  Read Replies (2) of 3558
 
Don't expect an answer. Barrick's allegiance has been, will be, and will continue to be into perpetuity, to its banking partners and their combined derivative positions. Wall Street analysts have provided their invaluable expertise to assisting the bankers by providing timed market statements declaring abx to be the premier gold producer. Investors have been sucked into a scheme that rewards insiders, not the shareholders.
Should the price of gold continue to rise, the strangle hold will intensify around barrick's neck. It will be interesting to see how the bankers support this sinking ship.

Ken
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