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

To: DeplorableIrredeemableRedneck who wrote (1165)	4/19/1999 9:47:00 AM
From: salva	Read Replies (1) \| Respond to of 3558

This is 'old news'. Its the 'formal endorsement' of the decision to sell 2000 tons aof AU and the 'decoupling of gold ' from the Swiss Franc. My understanding is that " some of the 1300 tons is already sold" Anyway the selling idea is indeed not positive. But it leads creadence that for Gold producers like Barrick to survive they will have to buy into low cost reserves (surface type rich reserves) and cut back drastically the cost of production of their gold reserves.