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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: Enigma who wrote (62425)	1/3/2001 3:42:51 PM
From: Ken Benes	Read Replies (1) of 116814

I am still here. By the way, barrick hit 12.31 on 10/25. Not a bad call, I was probably one of the few people talking about a decline to 12 when barrick was trading at 18 way back when. As to the future, gold may have bottomed but I doubt that it will move up to 300, which portends a dismal future for barrick and the other producers. FCX increases production by 700,000 ounces per year, barrick continues toward record production levels, and the industry itself still represents a model T in a world of ferrari's. I guess Santa delivered a lot of new caterpillars to the ceo's of the seniors. Happiness, it is better than the new set of Lionels they got many decades ago. Ken

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