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Gold/Mining/Energy : Int'l Pursuit (T.IPJ)
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To: Traveling Man who wrote (485)1/25/1998 1:23:00 PM
From: Bill McE   of 835
 
Not only is Barrick in a frenzy of buying other gold companies, but it also has no immediate worry about the price of gold. It has sold most of its production of gold forward for the next two years at a price greater than $400 per ounce. The fact that Trizec Hahn has sold a large chunk of Barrick shares simply means that it needs money to buy up cheap real estate in large cities in the USA

Bill McE
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