Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: gemsearcher who wrote (3096)	5/30/2002 11:32:54 AM
From: nickel61	Read Replies (1) \| Respond to of 3558

I think this might be the sound of the music stopping. Russia's Central Bank’s gold reserves set up new record The Central Bank’s gold reserves amounted to $41.7bn on May 24, 2002. It means that the reserves added some $1.1bn over the previous week. This has been the largest advance in a seven-day period since the Bank started to publish information on its gold reserves several years ago. This growth was some $500m more than the previous one in the period from May 10 to May 17. On the whole the Central Bank’s gold reserves have surged by more than $5bn from $36.5bn to $41.7bn since the beginning of the year. The increase in the gold reserves has been more considerable over the past two months. In this period their volume has never eased back. In the period from March 29 to May 24 the bank’s gold reserves went up by $4.4bn, which was almost 12 percent.

To: gemsearcher who wrote (3096)	5/30/2002 1:52:50 PM
From: russet	Read Replies (1) \| Respond to of 3558

More bandwidth wasted on the Barrick thread with articles having nothing to do with Barrick. At $325 gold, you would think that if Sinclair and the rest of the Gata nutcases where correct, Standard & Poors and Moodies would be busy downgrading the debt of all the hedged gold producers, citing all sorts of credit risks, but they are silent. Not one story of a gold loan agreement being called yet using this mysterious margin clause that is hypothesized to be in these agreements,...even though Barrick says no such clause exists in their agreements. How can perceived credit risks for gold loans from Central Banks be increasing, when gold lease rates are falling. Another day goes by, and Barrick lives!!!!!!!