"The Dumbest Trade Ever!" more info on Barrick Gold's hedging game

1 post / 0 new
John99's picture
John99
Status: Gold Member (Offline)
Joined: Aug 27 2009
Posts: 490
"The Dumbest Trade Ever!" more info on Barrick Gold's hedging game

Good article - had no idea Barrick's shorts were priced so low. According to the author, at around $300/oz. which would give $600 - $700/oz. in losses. These are big numbers, and he says, amounting to more than Barrick has ever earned in profits in it's history.

Is this stupidity or because of a more sinister agenda?

http://news.silverseek.com/SilverSeek/1252940702.php

Login or Register to post comments