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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Secret_Agent_Man who wrote (22665)9/9/2009 5:23:20 PM
From: Elroy Jetson  Respond to of 71456
 
Barrick Gold has more than enough gold, they just want to pay a huge cash settlement so they can sell their gold at market price - which in their "visions of sugarplums" they believe will be far above current market price.

Barrick owes somewhat less than 2 years production of the 18 years of existing reserves available.

seekingalpha.com

Barrick executives have merely become blinkered super-bulls on the gold market, just as they were pessimists at $350.

Don't catch the fever.
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