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


To: Crimson Ghost who wrote (72302)6/25/2001 10:45:47 AM
From: Ken Benes  Respond to of 116753
 
Unfortunately, barrick will not cut production. Truly, this merger has increased the gold retailing arm of the bankers. Consolidation of this type increases the strength of the gold cartel to the detriment of higher gold prices.
I believe the market reaction to this is going to be negative for the price of gold, and gold bugs with any marbles or money left will continue to shun barrick.

Ken