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

To: Enigma who wrote (1694)	12/30/1999 10:38:00 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

Look if you don't understand what I've already said I have little hope you will ever get it. The basic reality of how you create a hedge is pretty simple. I've explained it several times as well as pointed out that your own quote from the Barrick web page clearly points out they are selling the leased gold in order to take the proceeds and reinvest in other financial assets. As far as invective goes you have made a complete ass of yourself for the last three months by insulting everyone who is foolish enough to try and explain something to you. I don't think you have the capability to carry on an intelligent discussion because you don't appear to either have the ability to grasp the basic economic concepts or the common sense to keep you insults to yourself when someone repeatedly trys to explain things to you that are so basic to the discussion of the last three months that you should be embarassed at your attacks on other posters. In short if you know so little about something perhaps you should stop insulting the integrity and intelligence of others. Clearly you possess too little of both.

To: Enigma who wrote (1694)	12/30/1999 11:24:00 PM
From: tyc:>	Read Replies (1) \| Respond to of 3558

doubleD; you are being very naive. "forward sales" are obviously sales of leased gold into the spot market simply because noone would be prepared to "buy forward" without hedging his position with a spot sale, the proceeds of which will yield interest. How in heaven's name do YOU imagine the "forward buyer" can provide for the purchase at the higher price ? Whether the producer sells the leased gold, or its bankers do so on behalf of the producer, is immaterial.