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


To: Rarebird who wrote (60115)10/25/2000 10:08:31 AM
From: Ken Benes  Read Replies (1) | Respond to of 116834
 
I would not jump to fast. I believe there is more downside. Barrick may fall below 12 very soon and if that happens 10 is not out of the question. This could happen with gold establishing a new trading range between 260 - 270. For gold to continue to trade at these levels someone has got to be feeding the market with supply. Without a doubt the additional supply has to be coming from both the producers as new production and the banks as either sales or leases.

Ken

Ken



To: Rarebird who wrote (60115)10/25/2000 10:09:22 AM
From: Zardoz  Respond to of 116834
 
It's not a low in the gold sector, until ABX-PDG start buy backs

Addition: There goes NEM