Earlier news re insider selling by senior Barrick executives has me wondering what they know about market liquidity, 2008 prices for precious and base metals and how they know it. The heads of exploration, operations and the general counsel take their holdings down to ZERO? In my day, you only did that if you expected indictments, resignations or a drop in prices sufficient to put the company under. But then again, times have changed.
Hard to square these sales with Barrick’s leaders’ recent bullish comments:
Munk Sees Even Higher Gold Prices
From thestar.com (26 Jan 2008)
