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

To: Terry Swift who wrote (45327)	11/26/1999 1:16:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116779

Much of the leased gold is collateralized by the inground reserves of the senior gold producers. Should the leasing market collapse the resulting margin calls might produce an end result of the bullion bankers owning a substantial part of some the producers. While the inground gold would be in a different form from the bars, it is still gold and would support the cb's balance sheet for gold on loan. Ken

To: Terry Swift who wrote (45327)	11/26/1999 3:12:00 PM
From: Enigma	Respond to of 116779

The fact that the leased gold is mostly gone is of course immensely bullish.

To: Terry Swift who wrote (45327)	11/26/1999 4:09:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116779

Edit: Well the option one always has is not to buy - as you know from another thread we could end up with Barrick stock - at the moment I believe it to be undervalued because of, IMO, unfounded concerns about hedging - which it can easily handle - even if gold goes up sharply - but if it continues to lag in the short term - and I'm not sure if this is any longer the case - I would be pleased to receive ABX stock eventually - should this turn of events occur - at the right price. For tax reasons, far better than getting cash. Edit: Which is perhaps another way of saying that the stock is a buy. I see that over the last month ABX is performing a little better.