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

To: Dwight Taylor who wrote (297)	12/30/1997 10:41:00 PM
From: Ron Everest	Read Replies (2) \| Respond to of 3558

News Release Journal says shopping rumours downplayed Barrick Gold Corp ABX Shares issued 372,817,172 Dec 24 close C$27.90 Mon 29 Dec 97 In the News The Wall Street Journal reports in its Monday edition that some gold firms see glitter in rivals' cheap stocks. Reporter Bob Ortega says that a depressed market offers the chance to snap up reserves and cut costs. Last week, Homestake Mining agreed to acquire Plutonic Resources of Australia for US$640 million in stock. In addition, several other, mostly large, gold companies say they are exploring acquisitions. At least two of the biggest companies most touted as potential buyers, however, Homestake Mining and Barrick Gold, say they are not actively shopping. Barrick says it plans to buy back as many as 31 million shares, or 8.3 per-cent, of its shares outstanding, because it believes they are undervalued. In a recent meeting with analysts, Barrick said the buyback made more sense than acquisitions. Barrick, which has perhaps the most aggressive hedging program of any gold producer, locked in prices of more than US$400 an ounce for about ten million ounces of its future gold production, helping insulate it from the fall in gold prices.

To: Dwight Taylor who wrote (297)	12/30/1997 11:23:00 PM
From: Greg R	Read Replies (1) \| Respond to of 3558

Ben - Yes Inpathique works for me and I use it on all* my stock investments. It is best if you can have the chart on the screen in front of you so you can see what is happening and react accordingly. *all - no good on penny stocks. Too much opportunity for plotting errors. - Subject to error on exploratory companies where their perceived value can suddenly and unexpectedly change. There is no way the trading comptuers can know if there is gold in the ground or not. As long as there is no change, it is fine. An example that is stable for now is SHF which should become a buy Jan 2. You can see that chart on Inpathique's public projections page home.istar.ca - I use analysis of the patterns on indexes to aid in timing in and out of mutual funds. It should work directly on the mutual funds, but I haven't tried it. - stock's such as IBM's that trade across markets and are subject to currency fluctuations can have small potentials for error, but at the same time, IBM was one of the first stock's to ever show the influence of trading computers back in the early 80's - Finally, mergers between two large companies can create havoc with the patterns. Whose pattern carries on into the future? (Corel was an example when they tried to digest Wordperfect.) All in all, not many stocks it won't work on quite well, especially for the longer term investor (two weeks and up?).