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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (51009)	5/6/2002 8:39:02 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

Thom Calandra of CBSMktWatch on Barrick hedging... John C. Doody, editor of the numbers-crunching Gold Stock Analyst newsletter, figures Barrick Gold (ABX) in its latest reported quarter saw the mark-to-market value of its so-called hedge book drop to a negative $121 million as of March 31 from a positive $380 million on June 30, 2001. -------- the hedgers will be buying on a massive scale very soon if not already their derivative books could blow up explosions below ground unearth gold rich ore explosions in the financial books can cause death even more fun will be watching the Gold Cartel participants they will be stripped in discovery after discovery moving from one scandal to the next scandal Enron one day, gold the next, bonds the next / jim