Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: parcival who wrote (3405)	10/30/2001 10:02:16 PM
From: At_The_Ask	Read Replies (1) of 36161

abx is heavily hedged, sold forward tons of their gold at low prices. If gold makes a truly large move their hedge book may take them under. Im not an expert on their finances but nevertheless avoid abx. Research some unhedged gold plays like MDG, NEM, AEM. Many here are better qualified to pick them than I. Buy what they buy. Golds have rebounded a bit from the post 9-11 runup and then dump but I see the $xau and $hui at the long term demand line hinting at a further bounce up. Fear has never been higher IMO nor has it ever been more justified than now. Great thread BTW. Keep up the good work. ATA

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