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To: Alex who wrote (34117)	5/18/1999 9:04:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116815

<<An open Letter to Mr. Peter Munk, Chairman of Barrick Gold Corp.>> Well done.

To: Alex who wrote (34117)	5/18/1999 9:42:00 PM
From: lorne	Read Replies (1) \| Respond to of 116815

Nice find Alex. I have sent a copy of this letter to different news sources not that it will do any good but ya never know. Thanks Lorne

To: Alex who wrote (34117)	5/18/1999 10:10:00 PM
From: Zardoz	Read Replies (4) \| Respond to of 116815

Wow, I guess Ted Butler open letter is not working to well. For the first time in nearly 3 months, there is substantial selling in Asia tonight. kitco.com All kidding aside... Maybe Peter Munk was trying to paint a better then rosy pictur of GOLD, knowing full well that it's more then likely to continue it's downtrend. But you know what, Butler has also picked up on this: "Second, if you sincerely believe your gold price projection of $300 to $400 per ounce over the next year will come to fruition, Barrick's current short position of 11.5 million ounces will render as much as a $1.5 billion deterioration in value (based on today's $275 gold price). Considering that you reported record net profits for 1998 of $300 million (after tax), a loss of such magnitude would appear very serious." Two years ago Peter Munk went to see CB leaders. Don't you think he knows why they are selling? Don't you think ABX knows? Don't you think they will do all they can to profit from it?

To: Alex who wrote (34117)	5/18/1999 10:44:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116815

''The spending amount is huge and it has changed the market sentiment all of sudden,'' said Jun Fukashiro, a fund manager at NCB Investment Management Co., which oversees 650 billion yen ($5.25 billion) in assets. quote.bloomberg.com