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

To: gemsearcher who wrote (3138)	6/4/2002 5:42:07 PM
From: nickel61	Read Replies (1) \| Respond to of 3558

I believe that the question of exactly what is going on in the hedge book is sufficently opaque that nobody outside Barrick really knows how the contracts are constructed. Certainly it doesn't appear that the gold industries equivalent of Henry Blodgett is going to unravel it. The investors in the US have been let down by the regulators in such a massive way that the only recourse the public has is to try and find the truth on internet websites such as this. While the SEC of Levitt and company might have had the luxury of harassing small investors who are trying to discover what a company's management is doing, I doubt the current crowd is going to have the temerity to challenge an inquiring researcher who is asking questions that obviously the SEC and the other regulators have not been asking and should have been long ago. Knight Trading frontrunning clients? How unthinkable? Enron not really having 26 Billion in the assets they claimed on their off balance sheet books? How unbelievable. To think that Goldman Sachs might be indicted for laddering stocks on IPO offerrings? Unthinkable...WHERE WERE YOUR REGULATORS WHEN THESE ACTIONS WERE BEING COMMITTED? Chasing internet posters?