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Barrick – Muahahahahahahah

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  • Tue, Sep 08, 2009 - 11:18pm

    #1
    tonguefu

    tonguefu

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    Barrick – Muahahahahahahah

Interesting to say the least!

 

http://www.reuters.com/article/ousivMolt/idUSTRE58767F20090908

  • Wed, Sep 09, 2009 - 01:38pm

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Barrick – Muahahahahahahah

From the article (good one BTW)

“Barrick will spend $1.9 billion to eliminate all of its fixed-price gold contracts — on which the company effectively lost money every time the gold price rose — by buying gold on the open market and delivering it into the contracts.”

So we should expect to see the price of gold rise even further. 

Where do we start shining the flashlight if it doesn’t?

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