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

To: Enigma who wrote (987)	2/19/1999 2:00:00 PM
From: bill	Read Replies (3) \| Respond to of 3558

Good point about Barrick. That's why I included PDG in my question. If itisjust one company then one looks at some situation/strategy uniquetothatcompany. However, when you see more than one major company in the same business following the same strategy it raises a different set of questions. Unfortunately, I haven't been following any other major gold companies to see if the trend is broader. Both these companies are taking on a lot of debt. At the moment interest rates are very low. Japanese interest rates have moved from one percent to four percent. Can interest rates in NA be far beind? A one percent move on a large debt load has a significant impact. If, howeer, it creates a corresponding move in the price of gold, then it works in our favour. Given that I'm long on gold I hope so.