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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 (48531)2/8/2000 9:30:00 AM
From: Rarebird  Read Replies (3) of 116762
 
I just listened to the Barrick CEO. I thought he came across bullish on Gold. He explicitly stated that ABX reduced their hedge position and bought calls because he thought that the POG would firm. He said demand was very strong. Gold consumption has increased 3.7% per year for the past 75 years.

He handled himself well and was quite eloquent.
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