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

To: Enigma who wrote (1864)	1/7/2000 3:51:00 PM
From: nickel61	Read Replies (3) \| Respond to of 3558

To: Daniel Chisholm who wrote (1314) From: DoubleD Tuesday, Aug 3, 1999 8:57 PM ET Reply # of 1864 I think you're missing something - in addition to their hedging programme Barrick has a call strategy - the mechanics of which I do not understand at all - which when last explained to me enabled them to participate in 60% of any upside - above the price of forward contracts. Also I do believe that Barrick is a true hedger - in no sense of the word is it a short seller. You could run your theory past someone in the company and I think you'd get an explanation, and a rebuttal - but I don't speak for the company. dd