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

To: Greg R who wrote (345)	1/15/1998 5:40:00 PM
From: Dwight Taylor	Read Replies (1) \| Respond to of 3558

Greg--- Thanks for the link, unfortunately I am lost in al those facts and figures. Would you mind explaining in laymen terms what we can expect 6 mos to 12 mos with respect to ABX and/or the metals sector?? Thank you so much. Ben

To: Greg R who wrote (345)	1/15/1998 9:36:00 PM
From: Ron Everest	Read Replies (2) \| Respond to of 3558

Tomorrow should be another good day for golds, especially ABX as gold is making steady increases in Sydney as we speak. Received my copy of Gold Newsletter today. They are showing ABX as a buy. They made further comment: "Peter Munk turns bullish" Perer Munk, the Chairman and CEO of Barrick Gold is widely regarded as one of the top two or three executives in the mining business. It was quietly known that Munk was bearish on the gold price in 1997. For example, at the Financial Times Gold Conference in June, Munk let it be known that he wansn't all that positive on the price of gold. We can assume that Munk has extremely good contacts with the major bullion banks and some central banks, and therefore that his bearishness was based on an understanding that unusually large central bank selling would continue through 1997. In what may be a confirmation that Munk knows that the high rate of central bank selling may be coming to a close in early 1998, Barrick Gold announced that it is seeking permission to buy back 10 percent of its outstanding shares. Munk is a very bright and extraordinarily well connected gold mining executive, and he wouldn't be taking this measure now unless he thought that gold was approaching a major bottom. end of article My confirmation will be when ABX unwinds its forward position! In the meantime, ABX is a great stock to surf on, playing the ups and downs along with gold sentiment. Best regards, Ron E