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

To: Jim Willie CB who wrote (90105)	9/27/2002 3:02:05 PM
From: re3	Read Replies (1) \| Respond to of 116764

which gold stocks would you be in then, if not abx...

To: Jim Willie CB who wrote (90105)	9/27/2002 3:45:39 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116764

Jim, one of the privileges of being a tutor is chosing the tute-tees... Just because I do NOT care to re-hash ABX's hedge program, practices and archane languaging with you now does not mean 1) I haven't discussed it in the past, ad nauseum, on this very thread... 2) that I have any great love to elucidate with you now. You have never endeared yourself to me, whether here nor on Voltaire's Porch. Live with it. Just because July's conference call was "news" to you, since you are a peronsoally confessed "newbie to this sector" of some what, 8-9 months now, doesn't mean 1) some of us don't have a spreadsheet containing ABX's hedge book, prices and activities that span the past oh, i"ll be sporting...how about 7 years... 2) their $300 M hedgebook swing is " new" news. It is simply "on going news," Jim. RE: the sell more than 4 years of world production...it used to be 9 years.... And furthermore, if you you studied MORE commodities, you would see that many have hedges going out far more than the traditional "2 years permitted by comex/merc/or KCBOT" regulated futures contracts. Over the Counter Derivs have been around in the commodity business for damn near as long as the gold carry trade of the last 20 some years has repeatedly demonstrated the viability of that profit model. Yes, I believe their 15 year clauses. Yes, I believe they can cover hedges and continue levels of production. Their cash flow is positively and negatively affected depending upon Munk's whim at any point in his acquisition of ounces strategy execution cycle. My critique as I please style stands. I owe you no specifics. You get to find them out on your own, just like the rest of us did who have been here longer. Even Vi has a leg up on you in the research department, and "suffers" my mid-course corrective commentary upon occasion. She doesn't resort to derision to elicit responses. However, that is YOUR style and you are welcome to it, however unproductive it is. Here's a suggestion for you: stick to your entrails devination...your chart interp skills are better than most, but you are a novice at fundy analysis, altho' you are to be applauded for your efforts at "cross-training." Translation: LUMP IT, Jim. g_t