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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Enigma who wrote (48528)	2/8/2000 8:57:00 AM
From: Gord Bolton	Read Replies (3) of 116759

I looks to me like Barrick is conducting a massive public relations disaster for itself and the whole industry. Bragging that they can produce endless quantities of gold for $60 per ounce and that they are gauranteed $360 per ounce is just plain stupid. They have the average investor so confused with forward selling and buying calls that they don't know whether ABX or any other gold miner is coming or going. The best thing that they could have done would have been to make a plain statement that they had increased their potential to benefit from an increase in the POG and then shut up.

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