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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.30

-0.5%

Dec 12 4:00 PM EST

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To: Zardoz who wrote (50125)	3/7/2000 4:30:00 PM
From: Ken Benes	Read Replies (2) of 116814

Nem up 2.5 today, barrick up 1. Amen, I will gladly put the extra 1.5 point in my pocket for a short term trade. Because of the volatility of gold stocks, long term trades are difficult to imagine. For the longer term, barrick is currently selling for less than it did in 1993 despite threefold increases in production, and inspite of its innovative hedging techniques, which by the way increased supply and help pull the rug from under the price of gold. Investors recognize a company that works for its management and is blind to the interest of the owners of the company. Ken

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