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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.56

+6.1%

Feb 6 4:00 PM EST

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To: Alan Whirlwind who wrote (46302)	12/26/1999 11:23:00 AM
From: Edmund Lee	Read Replies (2) of 116972

ABX is part of a conspiracy to bust POG Arthur Hailey takes aim at Barrick In a storyline worthy of one of his own novels, writer Arthur Hailey is alleging Barrick Gold Corp. is part of a conspiracy to keep gold prices depressed. Mr. Hailey, author of a long list of best-sellers including Hotel and Airport, claims the Toronto gold giant's aggressive hedging program has aided the precious metal's decline. "I was and am critical of Barrick," said the 79-year-old writer in an interview from his home in the Bahamas. He recently dumped his 4,600 shares in the company. "Without a doubt there's been a great deal of misuse of gold that's holding the price down," he said.

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