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

To: Alex who wrote (42701)	10/11/1999 3:22:00 PM
From: Robert Dirks	Read Replies (2) \| Respond to of 116795

HOMESTAKE is the guy to Play: >>>>> S&P's Larkin says your best bet is Homestake Mining (HM), an outfit that has only 16% of its annual production strapped to derivative strategies. A company like Barrick Gold (ABX), meanwhile, has been a lot more aggressive in the financial and commodity markets, covering as much as four years' worth of supply in hedges, he says. "Among the big gold firms -- Barrick, Newmont, and Placer Dome are the names portfolio managers will gravitate toward just out of familiarity," Larkin says. "Homestake is as close to a pure play as you're going to get," he adds. <<<<<