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

To: russet who wrote (3070)	5/29/2002 10:17:30 AM
From: nickel61	Read Replies (1) \| Respond to of 3558

Goldman cuts ABX to market perform What a hoot, Goldman Sachs cuts ABX to market perform. While I couldn't agree more it smacks of further desperation in cabal land. Is Goldman stabbing ABX in the back or are they recognizing a derivatives wipeout coming?? Funny too how many dog stocks they still hold as buy or strong buy. Funny, the whore of wall street abandoning it's bastard child..

To: russet who wrote (3070)	5/29/2002 5:55:33 PM
From: gemsearcher	Read Replies (2) \| Respond to of 3558

It's nice to see that re-inflated hamsters retain their vigour (gggg). There is no question that the ABZ hedge program was/is a brilliant construct. Indeed it appears that you can have your cake and eat it too. In the murky derivatives world , the truth usually lies somewhere in the middle. Goldman turning bullish on gold , then downgrading ABZ? Say it ain't so ! That all said , I have great respect for R. Olliphant and his ability to effectively hedge the hedge over time. At some point the major hedgers , the counterparties and the bullion banks will realize that they are all in the same tent... a united we stand , divided we fall kind of thing. This is much much bigger I suspect than a negative hedgebook. This ain't no party , this ain't no disco , this ain't no foolin' around (read this ain't no Ashanti). Best Luck to All.