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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 (53786)	6/6/2000 8:56:00 AM
From: Ken Benes	Read Replies (1) of 116762

I am no fan of barrick, but the technicals underlying the stock have improved dramatically over a two month period. Whether this translates to higher prices is debateable. If gold experiences a strong technical rally based on short covering and additional companies experience derivative implosions, then I would think that the rug will come out from under barrick again, as the forward sale of gold and the concomitant gold loans are again called into question. Ken

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