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

To: Alex who wrote (52347)	5/5/2000 8:53:00 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116798

Talk about incompetent management. Barrick is so elated over the increased demand for gold, their efforts to increase production prior to the numbers being born out will insure that gold remains range bound. Good for Barrick with cost of production at 1.33 per oz, terrible for the industry. Barrick does not realize that if the price of gold remains low, their stock price will lanquish regardless of what their income sheet looks like. Gold is an emotional metal and to attract money to the sector will require an upward volatility that will offer substantial rewards. Investors understand where barricks allegiances lie and should continue to look elsewhere to make money in the sector. I will repeat it again, the industry does not need another ounce of production for at least one year. Ken