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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: Richard Mazzarella who wrote (52863)	5/17/2000 2:51:00 PM
From: Ken Benes	Read Replies (2) of 116759

Barricks conflicting statements result in decline in pog. Last week Barricks made public comments that the price of gold was going higher because of strong demand. This week barrick spoke about their increases in production and the wonderful aspects of producer hedging. As a result of barrick speak we have the worst of all possible worlds, high demand, high production, high hedges, low gold prices. Thank you very much Peter.

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