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

To: Robert J Mullenbach who wrote (42873)	10/13/1999 8:07:00 PM
From: goldsnow	Respond to of 116762

Would be interesting to see ABX (and others) to unwind its hedge by 2001....<VBG> Central bank sales, along with a strong U.S. dollar and weak demand in metals markets, were among the key factors in a devastating downdraft that engulfed the thinly traded gold market in the past two years. The precious metal traded at $320.70 an ounce Wednesday. Barrick, which currently maintains a hedge position of 14 million ounces of gold at an average price of $385 an ounce through to the year 2001, said the gold rally would not have a negative impact on its balance sheet because low borrowing costs had been locked in to the middle of next year. PS Key word is "currently" <gg> go.com