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

To: Rarebird who wrote (54477)	6/16/2000 9:54:00 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116830

I frankly do not know if ABX hopes to scoop up the assets of competitors at bargain basement prices. My guess is that they are true believers in the gold bear case so widely accepted in the investment community today.

To: Rarebird who wrote (54477)	6/16/2000 8:32:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116830

<<Do you think there is any validity to that argument?>> (in regards to) <<The major criticism of ABX I've heard is that they are committed to a low POG so they can scoop up the reserves of the 2nd and third tier gold companies on the cheap.>> In my opinion your time frame is too short, as I would ask this type of reference to the practices of Barrick through the question. "If gold is successfully trashed in a way that GATA has identified as an objective by those forces engaged, then the price of gold would collapse for a long time span like 5 years, and during this period, consolidation of all under the ground reserves would end up in 3 or 2 or 1 company, and if one, then it would be Barrick ABX. With that happening, and knowing that gold being trashed always leads to a unrestricted fiat paper only currency with no store of value as backing, that it will collapse and gold return to a high valuation. And then at that time Barrick would then hold "all" under ground reserves, and the company Barrick would be better off then comparied to a pro GATA outcome. As for GATA's case to identify the ones behind any criminal activity, that information is not part of the GATA presented to the public, as currently only the Washington D.C. and Roll Call and contacts with gold produces and contact with supporters do not fall under "need to know". Stay tuned and down the road Barrick as a company will crumble and officers will fall and shareholders will suffer, my speculation and guess. Need to know, this thread has not. Dougak