Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Hunt who wrote (36075)	6/28/1999 7:39:00 PM
From: scotty	Respond to of 116752

<<< Seasonally, gold tends to rally 90% of the time from now until mid-August. >>>...http://www.investorlinks.com/metals/index.html

To: John Hunt who wrote (36075)	6/28/1999 7:46:00 PM
From: Enigma	Respond to of 116752

That is what I mean by the fixed mind syndrome - 1)Barrick has an option program - I haven't checked it out recently but they used to reckon that they participate in 60% of a rise in price above the hedged price, 2) Barrick hedges consistently whatever the price of gold - it is, as far as I know, an automatic system - the strength of the company is in large part its financial strength - but because they have taken the uncertainty out of the price factor - in other words they can predict the price - they have been able to focus on productivity and cost control - steady cost reduction in fact. Now, the Barrick hedging program details have been posted many times on this thread - notably by Ole 49er - yet every so often we get the same question arise - they are 'short sellers', 'they don't participate if the POG rises above the forward sale price', etc. And, how do you justify the comparison with LTCM in this context? It doesn't wash. d