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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1559)	12/14/1999 1:50:00 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

No kidding. Well if you allow and actually facillitate the gold carry trade by allowing banks to underwrite this type of lending and then in the process of bailing out LTCM and one other hedge fund you accelerate the process through providing unlimited liquidity and not forcing the shorts that were unable to meet margin to deliver. You are getting pretty close to manipulation of the price wouldn't you agree?

To: Enigma who wrote (1559)	12/14/1999 2:24:00 PM
From: nickel61	Read Replies (2) \| Respond to of 3558

DD just for you. ABX is even p#ssing 80 year old authors off. "Arthur Hailey has written some of the most successful blockbusters of the century and has earned a fortune from his efforts. Much of it he put into gold stocks, but the author is now furious about the way leading gold producers appear to be fixing the market. David Guyatt reports. ********************************** Internationally renowned author, Arthur Hailey, has waded into battle on behalf of honest mining-sector shareholders who oppose an international cartel composed of Wall Street's finest blue chip companies and a group of leading gold mining operations said to be manipulating the price of gold. Hailey, who is now almost 80 years old and has made millions form his bestsellers Airport and Hotel among a host of others, has now written to major gold mining company, Barrick Gold, to tell them he is "disgusted" with the way the company had "excessively" hedged, their future production. He believes that the company's hedging strategy was designed to create downward pressure on the price of gold which would otherwise "rise to natural and honest levels." Hailey's letter to Barrick states that he is an "enthusiastic supporter of the Gold Anti-Trust Action Committee (GATA) and that until "a few days ago," he was a "long-time shareholder of Barrick Gold," along with his wife. He then adds ominously: "But no more." Man who are they going to get mad next.