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

To: Ken Benes who wrote (49942)	3/2/2000 7:14:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116767

All dogma is dangerous - to thinking men - and I'm afraid that it has overtaken and possessed you. You seem to see the gold mining industry as a giant pie - with each participant settling for a share of the pie as ordained by Benes! Somehow each company is asked to eschew competition -postpone all thoughts of growth, increasing market share - a sort of goldilocks existence! I think Barrick's thinking is something like this "we'll be profitable even in a $200 world" Or put it another way "we'll be able to hang on, ride out the storm, even in a $200 world" This does not mean that Barrick wants the price to fall - that's a complete fantasy promulgated by you and other Barrick haters, conspiracy theorists, etc. but it ensures that Barrick will survive while many others fail - should this sort of contingency arise. The objective of a mining company being, after all, to mine ore at a profit.

To: Ken Benes who wrote (49942)	3/2/2000 7:23:00 PM
From: Crimson Ghost	Respond to of 116767

Kaplan's gold calls have been very good recently; I view his switch to a bullish stance as quite significant. As for ABX, I do not like their hedging practices either. But Kaplan thinks they have already or soon will cover some of their hedges. And was it not hedge covering by ABX that sparked the 1993 gold bull?

To: Ken Benes who wrote (49942)	3/2/2000 9:25:00 PM
From: long-gone	Respond to of 116767

<<Should barrick fall below 15, it would definitely be a buying opportunity, although my instincts tell me to pass on the opportunity and continue the boycott of a company that is instrumental in ruining an industry.>> In spite of the fact I like HM's "policies" far better, the money would be made in ABX or NEM IMHO. Seems most now recommending gold stocks are not looking at the hedge position. The ones I've read or heard listed ABX NEM FCX as "having the greatest exposure to an upside in gold".