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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Shirley Owen who wrote (8519)	2/2/1998 10:47:00 AM
From: Quinn	Respond to of 14627

A little good new from the Barrick camp for the Gold Bugs: Barrick Gold Corp ABX Shares issued 372,817,172 Jan 30 close $28.35 Mon 2 Feb 98 In the News The Globe and Mail reports in its Monday, February 2, edition that Barrick Gold chairman Peter Munk got part of what he wanted from his weekend appearance at the World Economic Forum when he drew a reassurance from the governor of the Bank of France that the world's third largest holder of gold doesn't plan to sell any of its holdings. The Globe's Alan Freeman writes that bank governor Jean-Claude Trichet said he has no intention of selling any gold. He also said he understands that Germany and Italy don't plan any gold sales either. Mr Munk, who has been campaigning for central bankers to reaffirm their faith in gold, argued that the main factor in the slide in the price of gold has been investors' concerns about whether central banks were about to dump part of their huge gold reserves on the market. Mr Munk said that by not speaking out in defence of gold, central bankers are allowing speculators to push down the price of gold even though there is no justification for a lower price, purely on the basis of supply and demand.