Slothrop Posted October 13, 2003 Report Share Posted October 13, 2003 A brief excerpt: "Q: 'Why is Barrick still hedging? I thought they recognized it was a problem.' A: ' Barrick and JP Morgan Chase have been sued by Blanchard and Co., a dealer in physical gold, under the Sherman Anti-trust Act, alleging that Barrrick and Morgan were conspiring to fix the gold price by keeeping lower and enabling Barrick to take advantage ofthe low price to buymines on the cheap... Q: 'What's the impact on the gold market if Blanchard wins?' A: 'Extememly profound because it would suggest that gold price has been low because of price fixing and not because of its own merits and demerits...' That's the brief excerpt. You'll have to run down to the newstand to pick up the rest of it...unless you're a Barron's on-line subscriber. They don't put this stuff up for free like most papers. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.