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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.87

+3.9%

Jan 6 4:00 PM EST

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To: Michael Markham who wrote (11549)	5/12/1998 11:31:00 AM
From: Enigma	of 116842

My view is that a good gold stock, especially Barrick, is a better 'hold' than gold itself. Barrick is able to produce gold at low cost, and its objective is to keep lowering its cost of production. In addition it has massive projects in the pipeline, and is likely to find much more gold where it also has mines and new deposits. So its reserves are likely to grow each year over the forseeable future. We could be entering an era of relatively stable POG therefore gold stocks which represent growth potential in terms of profits may be the best exposure.IMO. If gold goes up it would be an added bonus. On the other hand, there are some promising juniors, with good cash positions sitting on potentially very large deposits which the market has not yet recognised. Protocol prevents me from mentioning one which I particularly favour - but if you look at my postings................! (Funded by ABX too)

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