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To: Rarebird who wrote (160024)4/15/2002 10:04:07 AM
From: Activatecard  Respond to of 436258
 
Who is on the other side of the ABX hedge overpaying about $64.00/oz for gold?



To: Rarebird who wrote (160024)4/15/2002 10:21:22 AM
From: Bid Buster  Read Replies (1) | Respond to of 436258
 
look..abx hedging program worked well during the great bear market in gold but for them to continue to hedge is just plain stupid..what happens to shareholder value when abx has to move more and more reserves to cover margin or buy calls or sell puts or god forbid go out on the open market to buy gold?

CRUSADER4TRUTH has it right and it goes with my thoughts also that if gold gets to $350 it will mean BIG trouble for ABX


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