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Gold/Mining/Energy : Gold Price Monitor
GDXJ 114.87+3.6%Dec 11 4:00 PM EST
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To: Ken Benes who wrote (52356)5/5/2000 11:11:00 AM
From: Enigma  Read Replies (3) of 116814
 
Flogging that same old dead horse? You must have copied your text somewhere! When will you realise that this is the gold mining industry? If Barrick freezes new production its reserves will fall. What you're asking in effect is that the company and others (why don't you vent your spleen on Placer and many other companies?) carefully make sure that new production exactly matches what has been mined the previous year. Or in your ivy tower I guess that you'd rather exploration cease altogether? You completely ignore the nature of the industry, its logistics and dynamics. You say that you once were a mining executive? Your attitude is more befitting someone who worked for some sort of government agency - not someone who worked in the competitive world of mining. If you're interested in the industry you have, for starters, to show a modicum of knowledge of how it functions. And so far you have shown not one iota of such knowledge. And if you're an investor you make your choice. If you don't like Barrick why don't you buy puts or short the stock, and if you make money bully for you! Or buy some other stock like Newmont? Meanwhile Barrick and others are providing hundreds of millions of dollars each year to fund exploration projects all over the world. Barrick in particular. Rhetoric is easy and cheap. Knowledge a little harder to come by.
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