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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (8310)6/18/2002 10:34:56 PM
From: The Vet  Respond to of 16631
 
Dave ABX's hedge book is so complex and convoluted nobody can work it out from what they make public. They realise that being hedged is now unpopular with shareholders and they are making the right noises about reducing the hedges but in an interview I saw there was a lot of generalities and double talk. They did admit however the $21 million loss in the hedgebook for every $1 rise in gold. I saw Enron, why risk it with ABX?


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