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


To: Enigma who wrote (44460)11/2/1999 7:23:00 AM
From: Mark Bartlett  Read Replies (2) | Respond to of 116762
 
DoubleD,

<<There are some here who assume every press release put out by a company - usually Barrick - is a lie of some kind. >>

You misunderstood my comments. I have no doubt what Barrick is reporting in accurate. What rubs me is - does Barrick, one of the lowest producers around, have to forward sell one oz. of gold. If all forward selling stopped, I suspect the supply of gold would decrease considerably - and the price would appreciate.

I think forward selling is one of the most insidiously destructive and stupid things that gold producers became involved in.

MB