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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (8237)	10/19/1999 10:27:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 82019

> My guess is that either you hold ABX currently under > present day value, or another or others with hedging > present Incorrect. Full disclosure; I currently hold no shares of Barrick, although I have bought and sold it three times in 1999. I hold a little Kinross (0.4% of my net worth), which I have owned since October 1992 (paid 69 cents !) I own a little Marum Resources (10,000 shares) That's it, I'm waiting to buy back in for a trading position. I see gold in a trading range between $300 and $330, no big bull market trend.

To: d:oug who wrote (8237)	10/20/1999 12:29:00 AM
From: russet	Read Replies (1) \| Respond to of 82019

The only bone Gata has to pick is with the Central Banks. And frankly, the CB's hold one third of all the above ground gold, and they have as much right to sell or lease the yellow metal as anyone else. It does no one any good sitting in a vault, taking up space. Gata is as much a manipulator of the price of gold as anyone else, including Hannibal Lector. The chits trying to raise the price are as bad as those supposedly trying to lower the price. The ironic thing, is that those you condemn for lowering the price, the producers, are just trying to get a set price for the metal over time. They are trying to lock in a price that keeps them viable. Your curse is not aimed at the right foe. How can you deny a producer of gold a set price in the future, and not deny a farmer of wheat, soybeans or beef etc., the same thing. Gold is a commodity that is different from most,...because the blood sucking parasites that control our lives, the bankers and the political creatins, have control of the most reserves of it. Why are you blaming the poor producers. Gata is wasting their time going after the producers. They should be suing the central banks,...and frankly the recent decline in the POG may have more to do with several producing companies threatening to sue the central banks of Europe for price manipulation based on the bullchit pronouncements of contained sales and lease rates than anything else. Fact is, the lease rates are below basic world wide interest rates again (have a look), and 4000 tonnes in sales is higher than the average sales of the last 10 years. The goldbugs pulled the trigger too soon. The damned Central Banks bullchit us all, and aren't doing anything different than they have ever done. I've told you before, to direct your venom at the Central Banks and your political masters. That's where the snakes are. Lease rates below the fiats money bond rates are bullchit. Sue the right party. kisses, just another hamster. And remember, I told you first.

To: d:oug who wrote (8237)	10/20/1999 2:36:00 PM
From: goldsheet	Read Replies (2) \| Respond to of 82019

I am not sure if GATA is a lawsuit, a cult, a lobby organiation or what ? They need a clearer focus, more facts, less rumors. Anyway, I sent an email to 24 of the participants at the Denver Gold Group Conference, as GATA requested. I definitely did not say what they wanted, but what I really felt; From: Bob Johnson <rjohnson@prodigy.net> Date sent: Wed, 20 Oct 1999 09:27:00 -0800 The last four years have been very difficult for the gold mining industry, with concerns over low gold prices, central bank sales, and hedging policies. As a participant in the recent Denver Gold Group Conference, I am sure you have received many emails from investors. I know the GATA organization requested their supporters to write or call many firms. Although it is prudent to be aware of the many external factors affecting the gold markets, I would strongly encourage you to continue your commitment to the long-term viability of the gold mining mining industry. A focus on internal operations, appropriate acquisitions, cost reductions, etc.. is the best use of your resources. Currently, there is a great deal of concern over hedging. I feel it is a legitimate financial tool, but it is up to each firm to decide if and how to use it. I am confident you have many competent employees, who will use their best judgement to make the best decisions for your firm. Thank you for your time. Best wishes for improved gold prices, earnings, cash flow, etc....... Best Regards, Bob Johnson -------------------------------------------------------------- GOLDSHEET Mining Directory goldsheet.simplenet.com Thousands of mining related links, with over 900 company pages --------------------------------------------------------------