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

To: goldsheet who wrote (50867)	3/30/2000 8:55:00 AM
From: Ken Benes	Read Replies (3) \| Respond to of 116753

Gold drops and barrick falls thru 16 despite its sterling balance sheet, its low production cost, and its hedged position. While the decline in gold continues, barrick continues to rush towards bringing 1.6 additional ounces to market each year. Could you imagine if Saudi Arabia added and additional million barrels of production when the price of oil was at 10 dollars, would the price of oil today be 25 dollars with the additional production. Gold is at the current low price because of oversupply, any student of economics understands this except the management of the gold producers, with barrick being the most egregious offender. Will barrick fall thru 15. Ken