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Gold/Mining/Energy : Barrick Gold (ABX)
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To: russet who wrote (2161)10/19/2000 9:37:26 AM
From: Ken Benes  Read Replies (1) of 3558
 
If the oversupply of gold and the demonetization of gold continues, those lower multiples may be in store. The gold producers have always traded at a premium because of the \potential leverage it had as a store of wealth in times of turmoil. With that advantage gone, the premium is being taken from the producers. Thank you very much barrick and the other producers who have helped smother demand with unlimited supply.

Ken
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