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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (24127)	10/12/2002 7:52:17 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

Jay - Thanks for posting the Drizard article. I've met him a few times and he has a real sense of humour. His prespective on international finance seems a bit like yours... The Barrick people seem to have taken a a good thing (hedging production in a volitile market so the can make consistent capital expenditures and grow through acquisitions) and gotten too cute with it. I would expect tehy will eventually unwind nad benefit from the rise in gold...but short term cold be yuckky. BTW, I have puts on ABX, mostly as a result of Gary B Smiths' chart analysis in TheStreet.com a week ago. I want to get long NEM (Newmont Minning) again, after gold ends this temporary pull back. Newmont is pretty much a non-hedger. They have a few hedges left over from an acquisition.