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


To: Exsrch who wrote (1943)1/16/2000 8:09:00 PM
From: nickel61  Respond to of 3558
 
The word is contango ,Einstien.



To: Exsrch who wrote (1943)1/16/2000 8:17:00 PM
From: nickel61  Read Replies (1) | Respond to of 3558
 
Would you please explain your concept of contango one more time and assume a 6.5%interest rate on three year treasury notes and 1.7% gold lease rate. And do they borrow the gold from a Bullion Banker in order to establish the initial proceeds?



To: Exsrch who wrote (1943)1/17/2000 8:49:00 AM
From: nickel61  Read Replies (1) | Respond to of 3558
 
Until gold goes up then poof for the hedging sub!