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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (28458)	2/17/1999 7:25:00 AM
From: The Street	Read Replies (1) \| Respond to of 116861

Yep-- but I am kind of following Casey's game plan. BTW, I daytrade and position trade NASDAQ and OTC-- gold is not going to make a move without me. I am very fast.....

To: long-gone who wrote (28458)	2/17/1999 7:57:00 AM
From: Rarebird	Respond to of 116861

Richard: I hear the Bear growling from a distance. He or she ( we do live in a new millenium ) is just beginning to wake up from a winter of discontent. This is what I see evolving: The Nasdaq will fall to 2050 ( the old resistance, now support ) fairly quickly ( by beginning of first week of March the latest ). Gold will be flat to down here. A short covering rally will then ensue from Nasdaq 2050 but fail to make a new high. I see a Bear Market Rally in effect. When the Nasdaq breaks below 2000 on the second leg down and the Bear becomes a Wearwolf, I see Gold rallying very strongly. Don't expect much from Gold on this first leg down. Just remember: To the average investor, Gold is junk, garbage, something that has not paid off in Years. For gold to rally, we need a re-evaluation of values in the stock market: Nothing like a true Wearwolf ravaging portfolios to initiate an alternate investment strategy. Be patient a little while longer and suffer well. Our day is coming sooner than you think. Just MHO.

To: long-gone who wrote (28458)	2/17/1999 8:28:00 AM
From: Enigma	Read Replies (2) \| Respond to of 116861

Yesterday's Kitco chart vs. today's version:http://www.kitco.com/gold.graph.html Have you noticed that yesterday's graph has been completely revised - if I remember correctly it plunged off the bottom of the graph in early trading? comments anyone? dd

To: long-gone who wrote (28458)	2/18/1999 8:33:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116861

Barrick makes C$525-million bid for Sutton 04:35 p.m Feb 18, 1999 Eastern By Paul Simao TORONTO, Feb 18 (Reuters) - Canada's Barrick Gold Corp. (ABX.TO) returned to the takeover table on Thursday with a C$525-million friendly bid for Vancouver-based miner Sutton Resources Ltd. (STT.TO) and its prized Bulyanhulu gold project in Tanzania. Toronto-based Barrick, North America's second-largest gold producer, began formal takeover negotiations with Sutton after the upstart exploration company recently increased the estimated size of its Bulyanhulu gold deposit. Bulyanhulu, the largest gold property in East Africa, is now estimated to contain 8.8 million ounces of gold, although some analysts have said further exploration could push total reserves up to 20 million ounces. The mine is due to begin production late next year or early in 2001 with a planned annual output of 300,000 ounces of gold at a cash operating cost of about $150 an ounce. ''This is an attractive property for us in what we regard as one of the most attractive countries in the area and the continent. The geology is very attractive,'' Barrick spokesman Vincent Borg said. Borg said Barrick officials had visited Bulyanhulu several times during the past five years and were ''comfortable'' with the pace of development work on the project. The all-stock acquisition -- Sutton shareholders will receive 0.463 Barrick shares for each common share tendered -- provides Barrick a firm foothold in Africa where it recently forged an exploration alliance with South Africa's AngloGold Ltd. (ANGL.J). The two gold titans are exploring gold properties in Mali, Senegal and the Democratic Republic of Congo. The proposed acquisition also contrasted sharply with Barrick's recent failed C$160-million hostile takeover of Argentina Gold Corp. (ARP.V) and control of the Veladero gold mine in northwestern Argentina. Barrick and Argentina Gold fought a bitter two-month battle which ended last week when an insufficient number of Argentina Gold shareholders tendered their shares to the senior gold producer. Barrick Chief Executive Officer Paul Melnuk abruptly resigned just hours before the Argentina Gold bid expired. This time, however, everybody appears to be reading from the same page. Sutton officials quickly embraced Barrick's offer of C$13.25 for each of the Vancouver company's approximately 39.6 million outstanding common shares. The offer represented an 89-percent premium on Sutton's close of C$7.00 a share on Wednesday on the Toronto Stock Exchange. Sutton shares soared C$5.20 to C$12.20 a share on Thursday on the TSE, while Barrick shares fell C$0.85 to C$27.15 a share on Canada's largest stock exchange. ''This offer from Barrick provides exceptional value for our shareholders and the completion of the transaction will result in the early development of a mine at Bulyanhulu,'' Sutton Chief Executive Officer Michael Kenyon said in a press release. Sutton has been one of the hottest emerging mining stocks on the Toronto Stock Exchange since the beginning of February when the company announced the discovery of a new gold zone at Bulyanhulu. Analysts praised the deal as a good move for both companies. ''When I first looked at it I thought it was a bit pricey from Barrick's standpoint, but on further assessment it is not actually that bad,'' said Wendell Zerb, analyst with Pacific International Securities Inc. in Vancouver. Zerb said Sutton's extensive nickel-cobalt claims in Tanzania, especially at the intriguing Kabanga property, would help to make the takeover more palatable for Barrick shareholders. Sutton reported last week that Kabanga now contains 21.3 million tonnes of ore with a relatively high 2.18 percent grade of nickel. South African mining giant Anglo American Corp (AACJ.J) has been exploring the deposit to earn a 60-percent interest. A pre-feasibility study is currently underway at Kabanga to examine the viability of a mine that could eventually produce more than 35 million pounds of nickel and 2.5 million pounds of cobalt annually for up to 15 years. ''It is a very interesting project.'' said Zerb, who added that the project's nickel grades would rival those discovered at Canadian miner Inco Ltd's (N.TO) stalled Voisey's Bay project in Labrador, Newfoundland. ($1-$1.49 Canadian) ((Reuters Toronto Bureau (416) 941-8104) or email: toronto.newsroom+reuters.com)) Copyright 1999 Reuters Limited.