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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Enigma who wrote (33183)	5/5/1999 12:03:00 PM
From: Zardoz	Read Replies (4) of 116760

"with respect - completely off the mark - Barrick hedges - period - they are not interested in 'bankrupting small companies' - small companies are the lifeblood of the exploration business." Go back and reread the ARP thread. Remember they walked on a great play. So do you really believe the second part of your comment is correct? Now how does a rising gold price affect a hedged position, {even Barricks exclusives positions} Message 9332771 Does ABX and other hedgers expose themself to lower returns if gold blasts off? After all Hedgers are not pure plays. Even ABX limited hedged amount should have been significant to blow the amount hedge funds have short. PS: Unrealized profits from hedges are not profits. Catch that rise in Euro today?

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