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Antal Fekete: Barrick's executives bail out ahead of shareholders
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
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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