so says peter munk of barrick. this is from ed steer, who criticizes the chairman of the evil empire:

In gold news, I see that Barrick's Peter Munk has an "exceptionally positive view on gold." Here's what he had to say to Dorothy Kosich over at mineweb.com..."I think the outlook for gold is a hell of a lot more positive than anything else you can think of," Barrick Chairman and interim CEO Peter Munk told analysts Thursday during a conference call Thursday to discuss financial results. "We have never seen such volatility. We have never seen such dislocations. And in fact we have never seen such turmoil," Munk said. "If ever there was an expectation for gold to shine, we could not have imagined a more suitable, global macro economic climate than what we have seen over the last 90 to 120 days," he noted. Nevertheless, Munk admitted, "You have to be disappointed...just like we are...that, despite the external factors falling in line with all the guys who predicted Doomsday and gold going to $10,000 an ounce, Doomsday has almost arrived. Certainly we are on the precipice a number of times. And gold grows slowly."

Well, Peter...let me help you out a little here. First of all, look at yourself in the nearest mirror and you'll see a large part of the reason. Then, when you get to the office tomorrow, kindly review Barrick's hedging activities over the last fifteen years or so...although I'm sure you don't really have to check, do you? Then take the short walk over to your bullion bank, JPMorgan....Suite #1800 South Tower, Royal Bank Plaza, 200 Bay Street, Toronto...I'm sure you know where it is. Have a chat with them. Then, on your way out of the building, take an elevator ride up to Sprott Asset Management in Suite #2700, and tell Eric Sprott and John Embry what you've discovered. They'll get back to me, and I'll report on it here. Thanks a bunch! :-))

http://caseyresearch.com/displayDrp....