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


To: nickel61 who wrote (2827)5/18/2002 3:37:58 PM
From: goldsheet  Read Replies (1) | Respond to of 3558
 
>Put quite simply the Barrick hedge book alone represents 18 million ounces of future spot market buying pressure

Too simple. Barrick's hedge book represents 18 million ounces of future production from reserves they already own and operate. They do not have to spend a cent in the future spot market, resulting in zero buying pressure.