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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.70

-0.3%

Dec 5 4:00 PM EST

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To: d:oug who wrote (58412)	9/20/2000 10:18:55 AM
From: Ken Benes	Read Replies (1) of 116796

Last trade for Barrick 15. That number is an accolade for a well managed business. Will we see 12, which would represent some value for anyone interested in trading barrick stock. A move from 12 to 16 would offer a 25% return, which would not be bad from a dog with fleas. At some point, a suit by barrick shareholders cannot be discounted. ABX has played a pivotal role in the implementation of the hedging techniques used by the producers which have been contributory to the decline in the pog. I will probably get an obligatory "nuts" from triple D on that statement. Ken

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