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To: Enigma who wrote (49109)2/15/2000 8:55:00 PM
From: long-gone  Respond to of 116934
 
<<Dutch have reported consistently after they have sold - they can't have much left to sell. There is nothing sinister or conspiratorial about the announcement - in fact>>

Unless the last rally was caused by buying back of the gold to cover Ashanti...

& just for a little OT:
February 15, 2000
Are chip executives bailing out?
By Om Malik <mailto:letters@forbesdigital.com>
NEW YORK. 4:30 PM EST-For semiconductor stock investors, 2000 has turned out to be a profitable year so far.
More news from...
Forbes.com
Sponsored by
The Philadelphia Stock Exchange's Semiconductor Stock Index (SOX) has jumped 28.6% versus the Nasdaq Composite Index, which is up about 13% this year. Most of the semiconductor companies have either met or trounced Wall Street earnings and revenue estimates, (cont)
forbes.com



To: Enigma who wrote (49109)2/15/2000 9:33:00 PM
From: d:oug  Read Replies (1) | Respond to of 116934
 
d, I have parrot'ed many times that Barrick's hedging may be good for their bottom line,
but it does add to the depressing of the price of gold.

In addition I have also added my speculation that I agree with many, that the people
running Barrick are very good at obtaining the types of business dealing that
they see as good for the short and long term success of Barrick.

Now eventhought I had, and still have no facts to support my speculation,
I am taken a back with the past article that gives an non Barrick employee
their view of a possible "what is" Barrick's hedge program.

Whereas its easy to lie and twist & turn and display anything as bad or corrupt,
one doing so has to balance a misrepresentation so that equal complexity is obtained
on both sides, else it will be easy to debunk the interperation.

Please see the mention below of that article, and note that the article presents
the Barrick hedge program in a way that would require many persons knowing
different parts, while at the same time noone knows the complete whole,
not even Barrick's president. Something like this to happen is characteristic of the
business dealing inside a criminal organization that deals with outside business,
some legal and not, and some honest and not.

So, bottom line, unravel the interpertation of that article by showing that
certain parts or portions are provable to be incorrect.

Else, Barrick is as those say, Trapped inside a mess of their own making,
which translates that in the near future IF price of gold explodes higher,
that Barrick will be crushed, and the shareholders will pay the price thru their
shares becoming worthless. Law suits will ofcourse appear like mushrooms
in a damp forest the morning after dark, as shareholders who thought they
were bright and smart see that they were mushrooms.

doug

...good sport, unless perhaps you are a Barrick shareholder. In that case...
Reginald H. Howe
goldensextant.com
February 14, 2000
row@ix.netcom.com
The New Dimension: Running for Cover