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

To: nickel61 who wrote (2831)	5/18/2002 10:01:28 AM
From: loantech	Read Replies (2) \| Respond to of 3558

nickel61, What I know about hedging is laughable. I guess if you need to hedge your corn crop at a relevant price to protect against storm damage or a bumper crop that is one thing. But this constant selling of gold hedges way above market price does not make sense. Someone has to be losing money unless Barrick is selling their gold to fabricators who market all the finished product way above spot prices. But then why would the fabricators pay so much more for a product that has fallen in price or remained stable at or around $300.0 + or - for so long. Kind of like a lumber company always buying at $150.00 a thousand board feet over the finished product cost. Whole situation does not make rational sense. Compare the stock price of Barrick to its peers and anyone can see something stinks. There you go shows how little I know again.

To: nickel61 who wrote (2831)	5/18/2002 3:53:15 PM
From: goldsheet	Read Replies (1) \| Respond to of 3558

> Aurizon Gold management Aurizon is a Canadian company aurizon.com Aurion Gold is an Australian company formed by the merged of Delta Gold and Goldfields Limited. auriongold.com.au Due to joint ventures abmost 50% of their gold production comes from of mines operated by Placer Dome, which is why I was surpised Placer never bought Delta or Goldfields before both rose in price then merged.