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

To: Enigma who wrote (55590)	7/2/2000 10:00:53 AM
From: Ken Benes	Read Replies (2) \| Respond to of 116764

Not for long. As sure as god made little green apples, you can bet that barrick is going to use that five million ounces reserve base to collateralize additional gold loans. So instead of the current 500 thousand ounces of production presto, their is an exponential increase of new supply and gold sputters in the 280 range. You can also bet that barrick will promote the arrangement as some kind of novel package with no downside but having the benefit of enjoying a ride up if gold increases in price. The thought of it makes you want to sell some more barrick shares. Ken