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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (35410)	6/15/1999 6:16:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116764

Barrick Gold Corp. Raised to 'Outperform' at ABN Amro Princeton, New Jersey, June 15 (Bloomberg Data) -- Barrick Gold Corp. (ABX CN) was raised to ''outperform'' from ''hold'' by analyst Todd A. Hinrichs at ABN Amro. The 12-month target price is US$22.00 per share. quote.bloomberg.com

To: Alex who wrote (35410)	6/15/1999 8:58:00 PM
From: lorne	Respond to of 116764

Market Rap with Bill Fleckenstein More pain, not much gain June 15, 1999 ......"Getting down on gold... The New York Times had an article about gold that basically said it's seen its day and that it can't really go up. The Financial Times of London ran one about 18 months ago called "The Death of the Gold Market." That was right before there was a big tradable rally. So that, too, is part and parcel to what market bottoms look like. I think there's some chance that the gold market bottoms between now and when the first British Central Bank gold sales come out, but we'll just have to see. There are many signs of a market bottom, but so far it's like trying to catch a falling safe."....... ......"I do believe that the equity miracle that has made cab drivers rich and arrogant, and IPO fools home builders all over the East Hampton beaches, is coming to a sad and ugly end. The tax revenue bonanza that the stock market has wrought will also end, as will the market's love affair with Slick Clinton. Rubin is gone because he knows the game is over. As margin calls went out last night, the stage is being set for what I believe to be a major devastation of national wealth. The smart companies like Proctor and Gamble have started to lighten the load of people. It is only the beginning. Merrill Lynch takes a foray into the world of low commission online trading. Do we need a road map?"...... Full story >>> stocksite.com

To: Alex who wrote (35410)	6/16/1999 9:09:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 116764

Alex, whether we want to admit it or not, gold (POG) still does seem to hold as a leading indicator for inflation. One could argue that it's different this time and we are just seeing a false correlation, but there it is. Maybe gold is working just fine a an indicator for the future of a non inflationary high technology higher productivity world? When will a chunk of steel become more interesting than a hard drive? When we see that, it's time for gold again IMO.