Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsnow who wrote (22232)	10/25/1998 7:52:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116753

Goldsnow - I was referring to the mines Barrick closed last year. E

To: goldsnow who wrote (22232)	10/26/1998 8:08:00 AM
From: E. Charters	Respond to of 116753

Barrick and Dome will produce more than 6 million ounces next year combined. That is equal to the production of the United States in gold. So no, I guess closing one mine does not matter. They are both locked in with huge forward selling contracts. The gold shorts that will continue to buy this gold have to hedge like mad to make any money. I doubt that they will. Somehow I think it all has to collapse. The Koreans have reneged on billions in derivatives. This collapse may continue. EC<:-}