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


To: PAUL ROBERTSON who wrote (85221)5/8/2002 2:57:17 AM
From: goldsheet  Read Replies (2) | Respond to of 116836
 
> are you riding your favorite horse, abx?

When did I ever say it was my favorite ? Never.
It was a nice liquid trading vehicle from 1998 to 2001, but I do not own it and have no plans on buying it.

> does all the talk of $21 million per gold dollar in hedges spook you?

I'm spooked by folks who think Barrick is the only hedge horse to beat, when they should be equally (or more) worried about Newmont's Normandy forwards, which are almost a big as Barrick, not protected by calls, much more negative mark-to-market, with lots of debt on the balance sheet and not much cash.