I also agree with your posts. As stated previously, I short term trade ABX and find that it follows Gold prices and CB selling to a T, currently long. It is an AAA company IMO. There are doubters who try to make a case for trouble if Gold rises dramatically, however, ABX will simply not make as much with the hedging program in that instance, however, they are making it big time now and for the next 3 years if gold stays low. Pretty good insurance, but that is what hedging is all about.
The war room is no doubt primed to the hilt. Lots of $$$, lots of good people looking for a place to work (200 more as PDG downsizes, announced today), many projects to cherry pick. Guess they would have a pretty indepth ranking system to ferrit out the best opportunities.... and I agree, there are many good projects that need $$$ and more to come if gold stays below $300
Thanks for your posts. ABX up nicely today in tandem with an upward spike in AU. |
