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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Enigma who wrote (44460)	11/2/1999 7:23:00 AM
From: Mark Bartlett	Read Replies (2) of 116764

DoubleD, <<There are some here who assume every press release put out by a company - usually Barrick - is a lie of some kind. >> You misunderstood my comments. I have no doubt what Barrick is reporting in accurate. What rubs me is - does Barrick, one of the lowest producers around, have to forward sell one oz. of gold. If all forward selling stopped, I suspect the supply of gold would decrease considerably - and the price would appreciate. I think forward selling is one of the most insidiously destructive and stupid things that gold producers became involved in. MB

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