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

To: The Fix who wrote (737)	9/11/1998 2:06:00 AM
From: keith massey	Read Replies (1) \| Respond to of 3558

Hey fix I have been leaping from day to day on either ABX, EN or PDG. I haven't held overnight on any of them just in case gold crash overnight. I don't think this rally will last more than a couple more days. When these stock fall, they will fall hard. Time to get out the put options What I am always amazed at is how ABX moves with the price of gold. Gold goes up $20 so ABX goes up 30%. I know its stupid to point out but doesn't anyone realize that all their gold is hedged until 2001 and price moves of $20 don't really effect the stock. I know that the price of gold has implications for future earnings but sometimes I think the movements are crazy. However, who am I to argue with the market. I just ride the up wave and use put options on the down waves (I don't short). Best Regards KEITH