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

To: Jim McMannis who wrote (52332)	5/4/2000 6:24:00 PM
From: Rarebird	Respond to of 116914

<What can be done short of throwing ABX out of the XAU?> Get Peter Ward of Lehman Brothers to downgrade it to Market Underperform <ggg>

To: Jim McMannis who wrote (52332)	5/4/2000 7:51:00 PM
From: goldsheet	Respond to of 116914

> Barrick continues to hold back the XAU. What can be done short of throwing ABX out of the XAU? The index is too narrow (9 Stocks) and at one time or another something has affected it. During the 1996 to 1999 decline, Placer and Homestake went down further than other stocks and brought it way down. Freeport dropped 50% year-to-date and brought the XAU down at least 5-to-8 points (then it goes up almost 20% today ???) HL was removed, and CDE hardly has enough effect to call it a "Gold and SILVER" Index. The solution is adding more stocks to be more representative of the industry - Gold Fields and Normandy would help. Maybe even Harmony and Durban (both in the 1moz+ club) and Newcrest and Delta (huge production increases heading toward 1moz) I would even add Teck, which is getting to be a serious gold miner and might eventually spin off TeckGold to shareholders. Adding is the solution, not removing.