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

To: Enigma who wrote (1401)	10/16/1999 9:41:00 AM
From: jack BROSS	Respond to of 3558

I LIKE those different approaches abx.anglo-----good protection to the low with less than 40% hedge in a max of 2 years goldfield,harmony------ hedging shot down we will probably see all of them winner duringthe next five years, because something big is happening dollar us falling asia rebuilding gold demand up gold production is below thenext five years demand gold producers are heading to consolidate and buy the best RESERVES in the LOW COST COUNTRY (tanzanie,peru,chilee). ABX has a low cost production which can compensate the hedging if gold price would be steady at400 ABX HAS GOOD RESERVE in goodCOUNTRY. regards jack bross