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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: ahhaha who wrote (278)7/8/1999 11:32:00 AM
From: Exsrch  Read Replies (1) of 587
 
I'd have to agree with you NEM is beter for trading. Higher beta and greater volitility.

And I would want ABX as gold rises especially with ABX's spot deferred contracts (hedges). Why? Because if gold rises rapidly and there is a benefit to deferring the hedge contract they can do so and sell gold in the spot market.

And yes I hold ABX long and would rather see them stop paying dividends (complete waste of time from a value perspective, rather see them buy back stock).

Exsrch
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