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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: Alex who wrote (49934)	3/2/2000 4:05:00 PM
From: Ken Benes	Read Replies (2) of 116764

Barrick heading toward <16. Keep pushing this stock down. Between barrick and the australian producers, gold does not stand a chance staying above 300 and this is with an environment that production is 1/3 less than total demand. Between barrick borrowing gold and dumping it on the market, and the australians selling forward five years worth of production, and barrick readying an additional 1.6 million ounces of production, the market is in an oversupply. These guys should be a case study on how to run an industry into the ground. Ken

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