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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (3292)1/16/2003 8:39:17 PM
From: Tommaso   of 3558
 
Thanks, Russett, that is a pile of information and analysis to digest but I will work on it.

Actually I have tried to avoid hedgers anywhere. My biggest natural gas holding by far is NCN, which is only about 5% to 10% hedged, and soon (within six months) may be unhedged. But they are also leveraged, so that goes against hedging.

Having lost a good bit of money (and made some) on obscure oil companies, I think I do prefer to stick to those gold companies with some exposure, if only because they attract more penetrating analysis. The higher the price of gold gets, the more rapidly scams are going to proliferate. So,yes, I do think I will stick mostly to companies listed on major U.S. exchanges.

Will study your post again in the morning. Thanks.
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