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To: kidl who wrote (2879)	10/27/1998 11:23:00 AM
From: kidl	Respond to of 4201

A little morning treat for the gold bugs amongst us: Barrick Gold Corp - Post suggests $2,000 (U.S.) gold feasible Barrick Gold Corp ABX Shares issued 375,645,771 1998-10-26 close $30.3 Tuesday Oct 27 1998 Also Central Fund A NV (CEF.A) The Financial Post reports in the lead finance story in its Tuesday edition that gold bullion may return to its glory days, and a price of $2,000 (U.S.) an ounce is seen as feasible. Reporter Ian Karleff says that economic chaos and international conflict are a boon for gold, a refuge of panic money, so it is no wonder that metal and gold stocks have fared miserably in the face of relative stability and a seemingly unstoppable equity bull. Gold mining shares usually move anticipatory to the price of bullion, on the upside or the downside, suggesting that the steep rise in gold mining shares may be anticipatory to a rise in the price of bullion, according to Philip Spicer, president of Central Fund of Canada. The long-time believer in the monetary importance of bullion believes that a feasible price for gold is $2,000 (U.S.) an ounce, taking into account the decline in the United States currency's purchasing power since the U.S. Federal Reserve Board was created in 1914. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com