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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: russet who wrote (6316)	12/24/2002 1:31:54 AM
From: Canuck Dave	Read Replies (2) \| Respond to of 39344

Barrick chart is saying something is not right at Barrick. They have some extremely complex hedge strategies which I don't even pretend to understand. One writer has suggested that if gold ever went into backwardation for an extended time, their strategy would blow up in their faces. I have no idea whether that is true. All I know is I'm in Goldcorp because it is a simple little gold miner with good leverage to gold. Oh, and it just paid a very nice little dividend and went up nearly a buck today. CD

To: russet who wrote (6316)	12/24/2002 2:30:02 AM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 39344

Hi russet, .but that suggests that the market is still narrowed to goldbugs I'd say bang on... If it wasn't we'd be much higher. :o) Also George C. I agree. Yesterday was positive BUT I still don't see the crowds we so desperately need to join the party arriving yet. Message 18361913 On the hedging thing, well you probably already know I prefer gassers with good hedging records, but the whole Barrick issue has so much negativity now (merited or otherwise) that I like many just stand aside. Elizabeth Andrews likes em' too though so maybe you guys are on to something. I honestly haven't even looked at the hedging so I can't say but the vibes aren't good right now... a buy signal ? ;o) regards Kastel