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

To: Alex who wrote (68428)	4/29/2001 9:05:31 PM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 116943

If all Barrick can do is give shareholders 4% or so a year in profits, and with Barrick shares stuck under $18, a guy would be better off to go to their credit union and buy a CD.

To: Alex who wrote (68428)	4/29/2001 10:28:10 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116943

Gold is a wounded industry and consequently it is being shunned by investors. However sterling the barrick balance sheet looks and whatever praise one may attach to their hedging practices, the reality for the gold investor, barrick is selling at the same price it did in 1993 with half the production it has today. Barrick may have 600 million in the bank, but investors in the stock are lucky to be above water. Let barrick wring every last dollar out the price gold, and let the investors look elsewhere for returns. No matter how you slice it, hedging may not increase the overall supply of gold, but it does increase the amount of gold available to the market at a given time, resulting in downward pressure on gold prices. Barrick was and remains a sell. Ken