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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (89805)	9/20/2002 11:36:05 AM
From: Real Man	Read Replies (2) \| Respond to of 116825

I'm stunned - gold stocks non-performing again. THe only explanation I find is that 75 issue - it is the best to close XAU as close to 75 as possible today, to retire all 75 XAU puts and calls. Then we'll see what happens Monday.

To: long-gone who wrote (89805)	9/20/2002 11:39:03 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 116825

if Barrick reduces their hedgebook by 15-20% this year, and again next year but gold spikes to #500 by end 2003 Barrick is history, bankrupt the key is not the direction, but the magnitude of the movement in that direction if JPMorgo reduces their derivative monster by 5-10% per year, their exposure is not changed much Barrick will be the first casualty in the Great Gold Game every $10 move in gold means $125 million in losses for ABX (if my mammory serves me) / jim