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Gold/Mining/Energy : KITCO - Gold discussion -- Ignore unavailable to you. Want to Upgrade?

To: Robert Dirks who wrote (80)	9/5/1998 3:08:00 PM
From: Robert Dirks	Read Replies (2) \| Respond to of 989

ABX: This was posted on Kitco today. Hope it's true, as it would definitely have major psychological impact. Munk has big connections all over Europe and if he senses that the EU CB selling is near the end, this ABX move would fit right into the scenario............ Date: Sat Sep 05 1998 10:28 The Hatt (ABX will close out their entire hedging program!) ID#294232: A very reliable source has told me that American Barrick are within days of making a decision to unwind their entire hedging program.. The result of this would be a gain of ONE BILLION DOLLARS! Needless to say they believe that Gold is moving much higher from here and if they are right it would create a win win situation. There is little doubt that this would trigger a round of hedge covering by other seniors and more importantly a short squeeze like we have all dreamed of! I REPEAT THIS RELIABLE SOURCE HAS TOLD ME THE PROPOSAL IS AS WE SPEAK ON THE TABLE!!! It appears to me that the World is beginning to see that the WAR ON GOLD has gone too far! Over the last couple of days I have heard more and more discussion on the idea that the manipulated gold price is responsible for the crisis we now face.. The fear of deflation is real and from his statements in the past AG understands the importance of gold to the currency arena! It is rather ironic that Russia has now began talking about a gold backed currency and this may just be the start..