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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: lbs1989 who wrote (1349)	6/11/2001 1:26:39 PM
From: goldsheet	Read Replies (1) of 4051

> The moral of the story is "don't by hedged miners"! I do not think that is the moral. One should understand the business practices of all firms before investing in them. Hedging is a legitimate financial tool to manage risk, that can be used or abused. One size does not fit all, and a sweeping generalization that "hedging is bad" is not a substitute for due diligence. There are gold firms with modest gold hedges, but huge currency hedges, which theoretically could cause more problems. Also, having a no hedge policy doesn't do much good for a firm that has marginal operations, high debt, poor cash flow, no earnings, etc..

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