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

To: Bill Jackson who wrote (9467)	4/9/1998 5:49:00 PM
From: Quinn	Read Replies (2) \| Respond to of 14627

Of interest to ALL: " Barrick Gold Corp ABX Shares issued 373,029,871 Apr 8 close $32.55 Thu 9 Apr 98 In the News Canadian Business magazine says in its April 10 issue that Peter Munk was so proud of his plan to stabilize gold prices that he told the world, which was his first mistake. Writer Peter Shawn Taylor says the tycoon at the head of Barrick Gold thought he had figured out how to rescue the gold market, but he could not keep a secret. To stem the flow of central bank gold into the market, Mr Munk came up with a rather clever and ambitious solution. At the annual World Economic Forum in Davos, Switzerland, this past January, Mr Munk proposed that Barrick and other senior gold producers could buy up all the gold the central bankers wanted to sell. Mr Munk told the bankers that nobody can do a better job of monetizing their holdings than the producers, so it was in their common interest to maintain stability. TD Securities gold mining analyst Chad Williams says that in theory, he thinks it is a great idea. The only problem with the idea is that it is probably illegal. " Quinn