www.gold-eagle.com/gold_digest_05/fekete071207.html
“Newmont and Barrick have been arch-rivals not only on the Carlin trend, but also on the global battlefield. Barrick has been taking blows ever since its hedge-strategy, so called, started to unravel in 2001, when the new gold bull was born, as was predictable. I have pointed out in several of my papers that Barrick’s hedging is no hedging at all under any circumstances. It is a fraud. As an unlimited forward sale program, it is the most stupid and dangerous kind of gamble, especially in an environment where the collapse of the international monetary system in the wake of the collapse of the burgeoning debt-tower is a distinct possibility. So much so that the question arises how responsible businessmen, such as the officers of Barrick, could commit the capital of their shareholders to such a demonstrably insane and self-defeating policy that would burden them with a liability that could never be lived down.”
www.gold-eagle.com/gold_digest_05/fekete081106.html
“Is Barrick a front to cover up gold-laundering?
That is, unless Barrick was a front to cover up gold laundering by governments, in which case unilateral forward selling was not a mistake but a deliberate policy. I couldn’t help but believe that the company had a vested interest in suppressing the price of gold. Its ambition to become No. 1 also points that way. It is not about vanity. It is about pricing power. The suspicion that Barrick is a front to cover up a gigantic gold-laundering operation, presumably on behalf of a government (or governments) that need more time to complete a gold-acquisition program in the order of thousands of tons of gold, is hard to escape. Incidentally, if you interpret ‘gold laundering’ as a polite expression for ’stealing shareholder gold’, no harm done.
Unfortunately, such a conspiracy theory will be very difficult to prove or disproof. I was not the only one who suggested it. GATA and Golden Sextant named Barrick as a co-conspirator in the illegal scheme to suppress the gold price.”