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

To: ahhaha who wrote (40980)	9/27/1999 1:43:00 AM
From: scotty	Respond to of 116915

Lead story....http://www.bloomberg.com/bbn/index.html

To: ahhaha who wrote (40980)	9/27/1999 1:51:00 AM
From: goldsheet	Read Replies (1) \| Respond to of 116915

Barrick was in the early stages back then, effectively a junior, and on a split adjusted basis it could have been bought for $US0.75 in July 1985, and peaked at $US7.50 in September 1987, a 10X gain or 900% [Claude is correct] It corrected to $US4.00 during the October 1987 crash. The favorites of that era, as represented by the XAU, went from 60 to 155 to 90 during the same time frame

To: ahhaha who wrote (40980)	9/27/1999 1:59:00 AM
From: Claude Cormier	Read Replies (3) \| Respond to of 116915

<<The ABX performance, assuming it was what you claim, was not representative. Most gold stocks were in a flat to bear market during that period. For example, HM ....>> Mon ami, these are facts...not claims. I know this game. HM was the unique situation... not Barrick and the other gold stocks. The TSGI (Toronto Silver and gold index) went up from 2700 in early 1985 to 10300 in Oct 1987. The TSGI has a much better representation of gold stocks than the XAU. During the same period: Agnico-Eagle... from $10 to $45 Battle Mountain... in $C...from $10 to $40 in 1986-87 BGR Precious Metals (close end gold fund) form $6 to $16 Cambior from $13 in Nov 86 to $30 in Oct 1987. Dickenson from $4 to $17 Echo Bay from $6 to $40 Glamis Gold... from $ $2 to $10 .. .. .. .. Wharf Resources from $1.90 to $10 <<I remember the period well and gold was just in what I call a bear market.>> Gold peaked at $500 in early 1987. But the gold stocks peaked only in October 1987. From early 1984 to early 1987, gold was in a bull. Today, we are coming out of a 3-year bear market. Gold stocks are at their lows. That is why if the DOW thank, it will not carry the gold stocks with it.