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

To: Ken Benes who wrote (59495)	10/7/2000 1:15:27 AM
From: d:oug	Respond to of 116762

Ken, You now have in front of you an opportunity to rise above the din on this GPM thread and create a post that contains "Closing Arguments" by you to reflect, using the current state of affairs of the gold market, how the gold producers with Barrick ABX as the "most'est" have/is/will destroy their shareholder's investments. Only qualifier to above is that if GATA loses the WAR then Barrick will be glorious and ABX shareholders will share in the plunder of the defeated gold industry. Very serious this post Ken, to the point that I ask you not to give a quick and cursory reply, but to read all of the three commentaries and place onto this thread the gold market as you understand it to be. Not to be negative on purpose, which I am not, as it comes natural to me, as given, I will state upfront that if you do not deal with this in a profession manner suitable to be placed next to the other three on that web site as a fourth, then you are lacking and only add complaining and bashing to this thread and have no agenda to step outside the battles of crapola and enter a place where one supplies help and understanding as an end in itself. My recollection of some of your past long posts were of a college professor's ability to draft material for a text to be published and used by students to obtain a degree of understanding needed to venture out into the work place. Summary of Events (1) 209.82.62.19 Is the gold market sitting on a time-bomb? October 3, 2000 By: Jim Sinclair CONTRARY to the opinion of most published commentaries... ... decline of the value of gold bullion isn't a product of the selling by Central Banks... (2) Daan Joubert replies to Jim Sinclair's essay on gold hedging. mips1.net October 5, 2000 Yes, there is a gold time bomb, but for different reasons... This is a response by analyst Daan Joubert to an article by Jim Sinclair entitled: Is the gold market sitting on a time bomb? following a query from a reader of iii.co.za. Italicised portions are extracts from the original article. ... Yet I differ in the main reasons for this situation and think the matter more complex than described... Read Jim Sinclair's rebuttal of this article (3) 209.82.62.19 October 6, 2000 Response to Daan Joubert argument on the POG Mr. Joubert, you utilize many sound facts but you link them together in an academic manner that reveals your lack of..... You harp on your own brand of conspiracy theory, which you define as the activity of the..... ... other companies such as Placer have handled themselves well in this very dangerous arena of commodity speculation called hedging. However, the outstanding example of genius is Barrick because 10,500,000-ounce call purchase against a 13,000,000 deferred short position is a monster. That is therefore a "monster genius move". Does Barrick have the right to transfer their position at will and the right of offset? Only Pat Garver, in house legal counsel at Barrick knows. Ask him! In conclusion Mr. Joubert, your counter argumentation is in my opinion purely academic. ATTEMPTS TO DISMISS RESPONSIBILITY FROM THE SELLING BY MAJOR GOLD PRODUCER HEDGERS OF THEIR PRESENT PRODUCTION, THE GOLD LEASED HOWEVER PRODUCED AND THEIR FUTURE PRODUCTION AS FAR OUT AS 15 YEARS FOR SOME PRODUCERS FALLS ON FALLOW GROUND WITHOUT FACTUAL NUMBERS AVAILABLE TO THE PUBLIC ON YOUR THESIS. Your tactic of negative innuendo concerning me and my motives did little to support your position. You NEVER gain ANYTHING by trying to dim the light of others. Your response only increases the total darkness. James Sinclair