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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: S. maltophilia who wrote (59355)10/4/2000 2:20:53 PM
From: Ken Benes  Read Replies (1) of 116764
 
Which income statement would look better. Producing 4 million ounces and receiving 340.00 per ounce or producing 5 million ounces at 270.00 per ounce. What would the share price be at 340.00 per ounce of gold vs the current 270. You can make the argument that if production is decreased the price of gold may remain at 270. You could also make the argument that with the increased production at a time of oversupply, the pog may continue to decline to the 250 range or less. It is axiomatic in the commodities business that increased supply equals lower prices and decreased supply equals higher prices.
The market is so impressed with barricks efficiency that it has bestowed upon abx its current share price of 15, a 52 week low.

Ken
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