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Gold/Mining/Energy : Barrick Gold (ABX)
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To: Dave Lyall who wrote ()9/5/1998 11:37:00 AM
From: Scripts  Read Replies (6) of 3558
 
My apology for the following. But does anyone have any information on the possible validity of the following that came from Kitco this am?

A very reliable source has told me that American Barrick are within days of making a
decision to unwind their entire hedging program.. The result of this would be a gain of
ONE BILLION DOLLARS! Needless to say they believe that Gold is moving much higher
from here and if they are right it would create a win win situation. There is little doubt that
this would trigger a round of hedge covering by other seniors and more importantly a
short squeeze like we have all dreamed of! I REPEAT THIS RELIABLE SOURCE HAS
TOLD ME THE PROPOSAL IS AS WE SPEAK ON THE TABLE!!!
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