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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (1301)	7/29/1999 9:54:00 PM
From: Wildcat	Read Replies (1) \| Respond to of 3558

Message 10686562 Goldman Sachs upped Barrick to "outperform status" Wildcat

To: teevee who wrote (1301)	8/1/1999 1:05:00 PM
From: Eashoa' M'sheekha	Read Replies (1) \| Respond to of 3558

Cash Costs Are Not TOTAL Costs. And ABX is one of the few companies that are well enough " connected " to get the price they are getting for their forward sales.To use one company only to extract a projected price for a commodity is ...errr... well...I'll be nice <g> " misleading ".But I digress,you don't now nor never have come across to me as one who is...shall we say... " credible "..... Hutch on the other hand does exhibit his ability to actually believe what he posts here and there...not that I always agree. Why on earth do you believe any company or person should sell something at the cost of production?To strangle the entire market maybe?To engage in corporate bullying to the ends of an entire industry shakeout?To satisfy political commitments?SHEESH! Go tell MacDonalds they have to sell their burgers at the cost of production or tell Hollywood they must lower ticket prices cause they are making too much money.Let me know the response...if they don't throw you in a rubber room after <g> The list is long.......the company is SHORT!Period. ABX is an outright buy IF gold holds the 250US$ mark. We shall see in the fullness of time