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: d:oug who wrote (95546)	7/1/2003 12:24:27 AM
From: goldsheet	Respond to of 116753

Only traded Barrick in 98/99/00 Sold my last shares in June 2000. Nothing to do with them for over three years.

To: d:oug who wrote (95546)	7/1/2003 12:53:02 AM
From: goldsheet	Read Replies (3) \| Respond to of 116753

If Newmont had covered the Yandal hedges just after buying Normandy, when gold was averaging just under $300, they would not have got themselves in such a jam. Instead they promoted their "no hedge" philosophy despite the actual hedges on the balance sheet and then were very slow to cover them. You should be upset with them for talking the talk, without walking the walk, as you would put it. It's hypocritical to lecture the rest of the gold industry on hedging when your own house is not in order.