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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Mr Metals who wrote (236)	12/12/1997 12:58:00 PM
From: Jaakko	Respond to of 3558

Interesting....Barrick has hedged gold at the equivalent price of $350 for nine years (Munk says the hedge is worth $4.1 Billion at current gold price!!!) but Wood Gundy analyst says stock asset value is only worth $3.40 a share if gold goes to $260!!! I think the analyst is dead wrong and is playing it into the hands of Munk who recently announced a share buy back program BECAUSE THE SHARES ARE SO CHEAP!!! Wouldn't Munk know better than Wood Gundy??!! Is this a way for Wood Gundy to either gain business or maintain existing relationship with Barrick???? Beware small investor!!!! If Barrick maintains their hedge and gold goes to $260, would the gain in the value of the hedge not increase by a billion or two???!! ( I hereby offer my services to who ever needs it most!). wwwf.canada-stockwatch.com

To: Mr Metals who wrote (236)	12/12/1997 1:00:00 PM
From: Zardoz	Read Replies (2) \| Respond to of 3558

Mr Metal, nice to see you here too. Did you catch the comment from the X-Fed offical in the US the other day. Suggesting that they transfer loans to the ASIAN countries in the form of GOLD, so that they can have a quasi peg to the US Dollar, as well as acting as a quasi standard. Than the US would follow a slow repurchase of gold on the world market. He figured that this would stabilize a lot of currencies and lower world deflation. Article appear on either CNNfn or CNBC.