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

To: Mark Bartlett who wrote (44448)	11/1/1999 9:24:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 116762

Mark Bartlett: I was expecting something a little more than a rehash of Barrick's Q3 report from September 30. What would you like. Want me to give the exact risk analysis to ABX? Can't do that. Want me to give a working example of a derivative hedge; few hear would understand. Fewer more would care. But many would try to argure the results, and benifeits. Sure it may slightly enhance their bottom line for certain reporting periods, but in the long haul it looks overall detrimental - not only for Barrick, but for many others as well. Slightly, NO. It dramtically increases earnings. Add stability, by offsetting risk. And actually get a higher price for GOLD. Hutch PS: consider this. You buy 1 bank stock, and it get hit , you loose a lot. You spread your investment into a mutual fund, and you actually achieve a lower risk. One bank stock goes down, other may climb. Seldom do the same percentages come off on all banks.