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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.33

+5.2%

Nov 26 4:00 PM EST

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To: Ken Benes who wrote (49942)	3/2/2000 7:14:00 PM
From: Enigma	Read Replies (1) of 116770

All dogma is dangerous - to thinking men - and I'm afraid that it has overtaken and possessed you. You seem to see the gold mining industry as a giant pie - with each participant settling for a share of the pie as ordained by Benes! Somehow each company is asked to eschew competition -postpone all thoughts of growth, increasing market share - a sort of goldilocks existence! I think Barrick's thinking is something like this "we'll be profitable even in a $200 world" Or put it another way "we'll be able to hang on, ride out the storm, even in a $200 world" This does not mean that Barrick wants the price to fall - that's a complete fantasy promulgated by you and other Barrick haters, conspiracy theorists, etc. but it ensures that Barrick will survive while many others fail - should this sort of contingency arise. The objective of a mining company being, after all, to mine ore at a profit.

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