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

To: Gord Bolton who wrote (48530)	2/8/2000 9:13:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116759

Gord: Maybe what we're seeing is that hedging has not really been the problem - those who are cutting back - or ceasing - are still selling of course - into the spot market. I'm with Bob Johnson - in that the problem could be the awesome amount of gold that companies like Barrick are bringing on stream - for example Pasqua is already at 18 million ounces and will obviously become very much bigger - there are now three mines in Nevada with more to be discovered, Bulyanhulu in Tanzania is at 7.5 million ounces, but really they see 10 million with much more to be found, and so it goes. The company has ceased grass roots exploration and will concentrate on developing its 'areas of interest' The big are getting bigger - very much bigger.

To: Gord Bolton who wrote (48530)	2/8/2000 12:05:00 PM
From: goldsheet	Read Replies (3) \| Respond to of 116759

> They have the average investor so confused with forward selling and buying calls that they don't know whether ABX or any other gold miner is coming or going. Such a major issue was made out of forward selling and calls, the miners had to do something. This confused those outside the mining industry (the average investor), so the "good news" might have done more harm than good. It makes gold investors look like some type of weird cult with secret rites and rituals to the average investor.