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Home > Antal Fekete: Barrick's executives bail out ahead of shareholders

Antal Fekete: Barrick's executives bail out ahead of shareholders

Submitted by cpowell on Thu, 2007-09-20 00:25 Section: Daily Dispatches

12:20a ET Thursday, September 20, 2007

Dear Friend of GATA and Gold:

Concluding his four-part series "Peak Gold," hard-money economist Antal Fekete notes that Barrick Gold's two top executives just sold a lot of shares in the company even as they were predicting a big decline in worldwide gold production and a corresponding rise in gold's price. Fekete says this is a repudiation of Barrick's hedging practices and shows that Barrick's crew is getting in the lifeboats before their passengers, the shareholders, do. You can find Fekete's essay at GoldSeek here:

http://news.goldseek.com/GoldSeek/1190300520.php [1]

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Sunday-Thursday, October 21-25, 2007
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Source URL: https://gata.org/node/5539

Links
[1] http://news.goldseek.com/GoldSeek/1190300520.php
[2] http://thesilversummit.com
[3] http://www.neworleansconference.com
[4] http://www.gata.org/