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Gold/Mining/Energy : Gold Price Monitor

GDXJ 117.61

+3.0%

Dec 19 4:00 PM EST

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To: Enigma who wrote (34156)	5/19/1999 10:11:00 AM
From: Ken Benes	Read Replies (2) of 116815

Double D: The answer is so obvious, I cannot believe you do not see it. When physical gold was selling on the spot market for 385.00, the average forward price that Barrick has received, Barricks stock was selling for around 30.00. Barricks current price as we speak is 17.43. Barrick is making money, the shareholder is losing money. The forward sales are helping the companies, not the shareholders. The CEO's are getting the perks, living the high life, and the investor is left to comb the boards looking for a doomsday scenario that will rescue their investment. Sell the mining shares and buy the gold. Force Monk to hock his gold rolex and search the headlines looking for a doomsday scenario that will resurrect his investment. Ken

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