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

To: Mr Metals who wrote (291)	12/29/1997 8:38:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 3558

I don't think that those of us who are long ABX should try to discourage anyone who wants to short the stock. Who are we to infringe upon their economic freedom? Seriously, I have been following precious metals companies for twenty years and I don't think I have seen one as well managed as ABX before. Looks to me as if they could position themselves to break even on gold at half its present price--given their forward contracts which will pay for the new investments.

To: Mr Metals who wrote (291)	12/30/1997 6:54:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

"Now this is what I call a company to short.LOL." Thanks Mr Metals: I know you are being sarcastic {not in your nature} But I'm looking at the short term for ABX, not one year or more. Share buy backs, increased production, higher gold prices; all make for a higher share price. Problem is that all of them take time. I guess I see it slightly different than you guys do. Let's see GOLD down at 6:53 EST, the risk is getting less. I look at the $22.00 CDN that I bought, and now sold & shorted at $26.75. Guess that means I got until $31.50 CDN before I truly have to worry... What, two trading days? Huh! Happy NEW YEAR! PS: Gold @ 290.1/290.6 DN 1.25 from NY