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 : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (2465)	5/2/2002 2:25:05 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

No offense Enigma but the site you gave as a reference automatically resets to 1 year trailing charts..this is obviously not what you wanted to show since Newmont handily beats Barrick by a wide margin as it does on the 3 month, year to date, 1 year, 3 year and 5 year performance. Perhaps you were thinking about the period of 1 month or since April 17,2002, it does appear that Barrick is undergoing an improvement in price appreciaton, but really man for two weeks???????

To: Enigma who wrote (2465)	5/2/2002 2:34:02 PM
From: nickel61	Respond to of 3558

I stand corrected Newmont loses to Barrick on the five year chart, which is interesting in and of itself..But Barrick is still stinking up the place for the 3 month, Year to date, 1 year and 3 year. It is really only this little spurt in the last two weeks that puts them even positive. What is interesting about that is that the other stock beating even Barrick in the two week period is AU or AngloGOld, Maybe there is something to that rumour after all. Odd that in a period of rising gold prices that two so heavily hedged companies would show a price appreciation in their stock prices...more then the unhedged...as I earlier pointed out this is only a two week phenomena so don't get too excited, but it is still strange..maybe there is a stock swap bid acquisition coming after all. The street magicians have been known to help the share price of an acquirer when stock is to be the currency offerred to the target shareholders. It would tend to verify Murphy's supposition about there being an ongoing battle for AngloGold....very interesting indeed. Thanks for the chart reference Enigma..you might make me some money after all.

To: Enigma who wrote (2465)	5/2/2002 3:35:08 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

Watching the Swisss lower rates and their Franc sink in currency markets...made me think! The power that the world has given the US dollar to be the determinate of foreign trade has loosed a terrible tyranny in the world. The current global trading structure allows the US and it's paper reserve currency the power to determine what the competitive position of all the world's people will be. As long as the US Federal Reserve is allowed to continue their relative monopoly on what is money they can force the rest of their trading partners to do things that may not be in the longterm best interests of those partners economies or their people. When we can bubble our stock valuations and at the same time put downward pressure on the spot prices of any commodity we chose, the trading/banker establishment in the US can effectively vacuum up the value added from all those other countries that we trade with.They demand that our trading partners recycle their US dollar earnings from exporting to the US to be invested in US Treasury securities which lowers US interest rates even further, or they will be excluded from our domestic markets. They create freely floating currencies that allow them to determine the cost competiveness of all countries by changing the cost basis of the production and they fuel their own production by lending dollars to buy more US dollar denominated machinery and other production inputs at the then prevailing currency exchange rate. By setting the spot price of commodities through market pressure acheived with unlimited leverage from Derivatives and unlimited US dollar credit creation the US can "set" the price of any commodity or currency at a price which doesn't even allow for the coverage of the costs of production of that product. This effectively makes the producers of these commodities slaves producing for a market in the US that pays them less than it costs them to produce these products if the true costs of the capital investment inputs are taken into account. By controlling this process the transfer becomes a form of servitude. IF a country like Switzerland wants to fight against this process we will simply allow their currency to appreciate and their export industries become uncompetitive. If they fight the US dollar hegemony of these markets they will be destroyed by their own strong currency. If they argue about the gold dishoarding they will be rewarded with a Swiss Franc so highly valued their economies will suffer. So our colonialism becomes irresistable for even the strongest countries and for the second and third tier countries of the world it is total slavery...produce at the market price we control or slump into recession and deperession from your lack of an exportable basis for your economy. As their industries become unable to replenish their capital base because the price we allow them to earn for their output is insufficient to earn them the ability to have any national wealth savings they are sucked further and further into the game. They borrow from the IMF in US dollar loans to survive and this very borrowing then becomes further demand for dollars that allow their servitude to be perpetuated. A vicious new form of economic colonialism that robs the value creation of the whole world and transfers it into the hands of a small group of traders in the money centers of the west. Our trading partners must return their export earnings to our capital markets through the US Strong Dollar policy and its various dictates or be denied access to the US market. Price your product at the lowest world price we can manipulate or be made totally reduntant and suffer the political turmoil in your own country as your population is forced into unemployment levels that are untenable. The only answer is to make this monster visible for the victims before they fly another plane into the infrastructure of the beast to draw attention to the scheme.