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To: Bonnie Bear who wrote (11426)	12/14/1997 11:53:00 AM
From: John Hunt	Read Replies (1) of 18056

Bonnie, I have some precious metal no-load funds and a couple of small gold stocks, which are of course way down. I am thinking of dumping most of it and putting the money into Barrick Gold. My reasoning is that some of the smaller mines are no longer profitable, whereas Barrick has a cost structure of about $190/oz and has sold gold forward for at least a year and probably two or three years. Here are some details on their hedging program from last year. barrick.com John PS - I know Midas is better than average, and their portfolio may be better than most.

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