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

To: Ken Benes who wrote (34159)5/19/1999 10:23:00 AM
From: Enigma  Read Replies (2) | Respond to of 116815
 
Ken - I think it's you who is missing the point!!: "When physical gold was selling on the spot market for 385.00, the average forward price that Barrick has received, Barrick's stock was selling for around 30.00"

What do you suppose Barrick was getting for its gold then - $450, $500?

ABX stock has been the bellweather for many years now and for the most part goes up and down with the POG - which is more often an emotional reaction than not - and probably why, now, it is a buy of buys, along with K and others (assuming K is fully hedged of which I'm not sure)

All of this stuff about Rolex watches is cute - but that's all it is.
d




To: Ken Benes who wrote (34159)5/19/1999 11:40:00 AM
From: long-gone  Read Replies (1) | Respond to of 116815
 
<<The answer is so obvious, I cannot believe you do not see it. When physical gold was selling on the spot market for 385.00, the average forward price that Barrick has received, Barricks stock was selling for around 30.00. Barricks current price as we speak is 17.43.>>

Did you know, When an investor insists on the name of a mining company near every major brokerage will recommend ONLY ABX?


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