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

To: Zardoz who wrote (382)	1/19/1998 9:05:00 AM
From: Ron Everest	Respond to of 3558

Post says gold group moves up a bit Barrick Gold Corp ABX Shares issued 372,817,172 Jan 16 close $26.75 Mon 19 Jan 98 In the News Also Teck Corp (TEK.B) Also TVX Gold Inc (TVX) Also Placer Dome Inc (PDG) The Financial Post reports in its Saturday, January 17, edition that Barrick Gold, Placer Dome, TVX Gold and Teck shares were gainers on good volume Friday. The Post's Ian Karleff writes gold stocks moved in tandem with the price of bullion. The price of gold on the Comex division of the New York Mercantile Exchange closed at US$290.60 an ounce Friday, up $4.70 for the day and $12.10 for the week. The TSE gold & precious metal subindex jumped almost 15 per cent on the week. Maison Placements Canada gold analyst John Ing says the incessant selling has stopped from the central banks and hedge funds. He continues to predict the average price of gold in 1998 will be more than US$375 an ounce. He says the strong US$ has now peaked and we're due for a correction. He says gold is sowing the seeds of its own recovery in terms of producers reversing their hedge positions, capturing profits and adding to the buying of bullion. Canaccord Capital analyst Larry Strauss doesn't believe this is the beginning of a turnaround for bullion.