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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (36043)6/28/1999 8:40:00 AM
From: John Hunt  Read Replies (1) | Respond to of 116741
 
Re Barrick Gold

Morning Richard,

The real question is could they make the profits they are are reporting from hedging alone.

I seriously doubt it, which means that they must be speculating on the short side, as well as hedging ... Their profits took a big jump (4-5 times) in 1997 and 1998, indicating a possible shift in the nature of their 'premium gold sales' strategy.

barrick.com

Click on 'barrick at a glance' and then on premium gold sales.

IMHO, if gold takes a big run and they get burned badly, I am sure their are plenty of lawyers willing to take the class action case on behalf of their shareholders.

BWDIK.

John




To: long-gone who wrote (36043)6/28/1999 10:22:00 AM
From: John Hunt  Respond to of 116741
 
Rubin urges Congress to approve IMF gold sales

<< Outgoing U.S. Treasury Secretary Robert Rubin on Monday urged Congress to authorize the sale of gold from the International Monetary Fund's reserves, saying such a move would be designed to have minimal market impact ... more ... >>

biz.yahoo.com

One final kick as you are going out the door? ... Smells of desperation.



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