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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Greg Ford who wrote (8595)	3/20/1998 11:31:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116762

Generally ABX has stuck to its guns, though they did reduce somewhat last year. The thing is that if you produce @ around $150/oz forward prices still give you a good spread - low as they are. Also you can go out more years on the spread, if that is your judgement. The hardest thing is sticking to your guns. Barrick have been leaders in this - also they have significant upside potential through their call option strategy. Some years ago (I don't know how it is now) they reckoned they would participate in 60% of an upside move - beyond the hedge price. No doubt they have many imitators now. On the acquisition trail/front - Barrick must feel a bit like the kid in the candy store just now. The longer this goes on the better it gets for them. Maybe this is why the stock holds on so well - because there is an 'acquisition element' in the valuation?