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Gold/Mining/Energy : A to Z Junior Mining Research Site -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (1369)	9/13/2002 3:44:26 PM
From: tyc:>	Read Replies (1) \| Respond to of 5423

FWIW >>..they assume that Barrick will continue to roll over hedges in a rising gold market. The evidence suggests that they won't,... Looking forward (instead of backwards), ABX should be recognized as the Gold-bugs' best friend. All those hedged ounces will ultimately be returned to the lender... and that means NOT sold in the market. Hedged ounces now means less SUPPLY in the future. In contrast Goldcorp (I believe) is holding gold in its treasury..... to INCREASE the supply to the market later !

To: russet who wrote (1369)	9/13/2002 6:43:15 PM
From: 4figureau	Read Replies (1) \| Respond to of 5423

>>If Central Bankers decided to change their gold reserves policies and start accumulating gold again, I think Barrick would have erased a large number of their hedges previous to any of us being aware of the change in policy. In other words, watch Barrick to see if Central Bankers are about to change their policy,...they won't tell us, but Barrick's actions will. Just a squished hamster thesis, to go with all the other hot air circulating around out there (ggggggggggggggggg)<< First of all...I will gladly trade one squished hamsterism for 6 Murphyisms anyday! hahaha :) Interesting point you make...always thought it smart of Munk to have Bush and Mulroney on board...believe (Bush in Latin America?) they did travel to certain countries to help smooth the way a few years ago. Would they be privy to imminent IMF policy changes and stipulations to soon-to-be-bankrupt countries? Would they through the central banks pass along info back and forth...quid pro quo to Oliphant? Is this how info is gathered? Don't tell Bill! LOLOL