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

To: Stephen O who wrote (72392)	6/26/2001 10:40:24 AM
From: jrinvestor	Respond to of 116814

<<<<<<<<think that the Barrick move on Homestake is brilliant for Barrick. They now have a smaller percentage of their total reserves hedged. If gold is about to make a major up move Barrick shares will be bought more willingly by institutions. I believe that Barrick is not planning to hedge more.>>>>>>> I think your right. The real value is HM credibility. I sold all my HM yesterday and have no interest in trading ABX or what ever the final name until I see some direction. JR

To: Stephen O who wrote (72392)	6/26/2001 11:13:54 AM
From: Ken Benes	Read Replies (3) \| Respond to of 116814

I think institutions with an interest in gold will continue to shun barrick. Without sounding like a broken record, they have demonstrated a total disregard for the industry in which they participate. It is barrick along with the bankers who developed the intricate derivatives strategies that provided artificial supply to the gold market. True, as low cost producers, this may have benefitted them to the detriment of the gold market. However, the dismal psychology around gold has devastated the gold equities, limiting the profits of all but the most adroit traders. Their alliance with the bankers has not changed raising the question about the veracity of any of their statements concerning their hedgebook. Ken

To: Stephen O who wrote (72392)	6/26/2001 12:01:35 PM
From: goldsheet	Read Replies (3) \| Respond to of 116814

I wonder if Barrick is done ? I have always thought a Homestake/Normandy merger made sense, so maybe Barrick should follow up the Homestake offer with a run on Normandy ? Gets the other 50% of the Superpit in Australia and the Ken Synder in Nevada. I have also heard Ashanti thrown around recently as another idea. It would pick up some nice assets to add in Tanzania and Ghana. We need more consolidation, and a 10Moz+ producer. Barrick+Homestake+Normandy+Ashanti would do it <g>