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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (238)	12/12/1997 1:21:00 PM
From: Jaakko	Read Replies (1) \| Respond to of 3558

Great idea!!! Lend out all U.S. gold in PHYSICAL form to the Asian countries who undoubtedly need to sell some of it in the spot market thereby depressing the POG. Not being able to buy it back later to return it to the U.S, Fort Knox would be permanently out of that gold!! (LOL)

To: Zardoz who wrote (238)	12/12/1997 5:00:00 PM
From: Mr Metals	Respond to of 3558

Barrick Gold Corp - Fin Times says Munk sees mid-1998 gold recovery Barrick Gold Corp ABXShares issued 3728171721997-12-11 close $22.8Friday Dec 12 1997The Financial Times of London reports in its Friday edition that Barrick Gold, North America's largest gold producer, plans to buy back as much as ten per-cent of its shares, worth about $710 million at current prices, in an attempt to prop up the stock, which has been pushed to five-year lows by falling gold prices. Reporter Scott Morrison notes that while Barrick talks of buying back up to 31 million shares in the next year, chief executive Peter Munk says his company is unlikely to buy the full amount. Analysts say that Barrick's move suggested the company has not been able to find value in potential acquisition assets by other producers. The move was also seen as an attempt to deter speculators from driving down the stock price further. One analyst says that if Barrick sees another stock slide coming, it could step into the market and artificially prop up its share price. Mr Munk remains confident that gold prices will recover once the proposed European Central Bank establishes its gold reserve policy in mid-1998. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals