Take physic, pomp

Barrick (ABX) and its de-hedging: An Important Announcement

In light of the dozen or so mails received over the last 48 hours (no joke) asking your author’s opinion regarding the move made by Barrick Gold (ABX) to de-hedge its forward gold positions by raising $4Bn or so in a share offering, this humble corner of cyberspace has the following important announcement to make:

Really. Truly. But thanks for the mails, anyway. I liked that bit.

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