Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsheet who wrote (47387)	1/23/2000 12:11:00 PM
From: Eashoa' M'sheekha	Read Replies (2) \| Respond to of 116759

A Goldmine Is A Hole With Lawyers Around It.<g>(EOM)

To: goldsheet who wrote (47387)	1/23/2000 12:27:00 PM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 116759

Bob, agreed, you identified the only way to make money over the last few years on PMs, trade them, and trade them often. <VBG>

To: goldsheet who wrote (47387)	1/23/2000 12:30:00 PM
From: Alex	Respond to of 116759

Dot.com `casino' stuns old Fed chief NEW YORK Monday 24 January 2000 The former Federal Reserve chairman Mr Paul Volcker admits to being baffled, and more than a little nervous, about the current soaring stockmarket, according to The New York Times' Sunday edition. "My God, everybody in the world owns stock in the dot.coms except me," Mr Volcker said in the Times report. "I am just behind the curve. "You obviously have a kind of speculative fever. "I think it is a kind of casino. It's all the rage; trading certificates that have no intrinsic value." Mr Volcker also warned of a possible stockmarket bubble. "There's enormous confidence today, but it can evaporate very quickly, for reasons that are not very clear," he said. On the subject of inflation, Mr Volcker remained as hawkish as he was during his tenure at the Fed. "I'm never ready to say inflation is not a problem," he said. "If it's not a problem, it's a potential problem." DOW JONES theage.com.au

To: goldsheet who wrote (47387)	1/23/2000 5:25:00 PM
From: james paterson	Read Replies (2) \| Respond to of 116759

Hi Bob, RE your xau/au ratio. Are you getting close to a buy signal? What ratio do you consider safe? TIA. James

To: goldsheet who wrote (47387)	1/23/2000 8:50:00 PM
From: d:oug	Read Replies (3) \| Respond to of 116759

<<...folks ... know Barrick hedges based on all the SI anti-posts.>> Bob, to my untrained and uneducated mind in the field of mining gold by companies, I first would take a naive approach and assume that the price of gold was set by supply and demand. I heard that the world's supply of diamonds is controled enough by one supplier who mines the most, and they control supply and demand so that their market remainds in tune to generate a stable place without ups and downs. I would rather focus on gold as a commodity like diamonds here else for sure my limited view will surly turn into babble. This thread has indeed gone too far and too loony with the Barrick talk. Also, eventhought I have supplied and engaged in it, I can look back at it and feel foolish about my contributions. As for GATA's mission to help spread the word asking holders to dump their ABX shares, I can only repeat what you and d and others have said, in that its everyones responsibility to understand the facts and if done then later each person must accept it as a good or bad move. You and d also point out using your each judgement that unless every ABX shareholder panics, that the flip side is to make ABX a good buying opportunity if many sell based on GATA talk to "punish" Barrick. For myself the GATA issue I accept as one would joining a side at war, unless they violate "human rights" or commit "war crimes", it a take orders from the top commanders like Bill Murphy evenwhen one does not like or agree with the orders. Its just my opinion, but Barrick mines gold to sell directly, and also Barrick creates another type product associated with gold called hedging, which is part of the value of an ABX share. Now this product called hedging is used in most all companies and everyday life for people even thought few call it that. I'am sure MicroSoft and GE hedge their companies, but its just very much easier to label it and view it for commodities like corn and lumber and gold. As to the question of is Barrick's hedging good or bad or criminal, I think the biggest, and might be the only real issue of concern, is NOT is it good for Barrick, but bad for the industry in general. Seems that some think Barrick's ability to be successful is generated from the same source that hurts non/low/different hedging gold mining companies. If so, then its something like anti-good/law/moral/etc. Lots of posts here back and forth to claim Barrick's hedging is correct or bad, yes, but if the focus is on the gold market in general, then might you gold web site have a chart to show the value of the price of gold verses the total amount of hedging done by ALL companies ? And then of course, just plot in Barrick's hedging. I guess the numbers for hedging is not public info, per company. One post long ago did touch on hedging, in that the way its done for corn is the same, or not, for gold. Seems like most agree that hedging is a correct part of every company, gold or not, and there are examples and studies of its correct use so that EACH SIDE of a hedge understands the risk/reward. In my near zero understanding, a hedge is two parties, one betting the supply/price will do the opposite of the views of the other side. Something like a zero sum, the winner get the money that the loser lost. Bottom line, for me, stop the Barrick bashing until it can be showned that the price of gold has been hurt for all companies except for Barrick, thru Barrick's hedging. doug