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


To: Zardoz who wrote (953)2/10/1999 5:18:00 PM
From: Bill Murphy  Read Replies (1) | Respond to of 3558
 
Very simple. If Barrick took action and covered their forward sales with the specs so short here, so would many, many other producers. They and the other producers ( Anglogold, etc ) could easily take out the spec shorts.
The price of gold would rise significantly and Barrick stock might go up in a very big way, miners could go back to work, and you would have some very happy Barrick shareholders.
Bill