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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Enigma who wrote (56510)	7/20/2000 9:37:30 AM
From: Ken Benes	Read Replies (1) of 116845

You could not have said it better. There is plenty of more production that will come on line. A mining personality can think in no other terms other than keep the mill going regardless of its implication to the price of the commodity. I don't know how you can remotely refer to any gold producer as being rich. Looking at barricks financials, revenue is down as is earnings. If you throw in income resulting from derivatives, earnings are even less. Rich, you have to be kidding. Gold mining shares are little more than wallpaper quality and in time with all the production indicated in your note, they may become pieces of paper glued on walls. Ken

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