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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.87

+3.6%

Dec 11 4:00 PM EST

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To: goldsheet who wrote (90830)	10/31/2002 5:03:30 PM
From: long-gone	Read Replies (2) of 116812

<<The best way for a gold mining company to generate cash flow is to mine gold. Generate enough cash flow to generate earnings, which should eventully get reflected in the share price.>> I guess that is correct since you put in "should". Were it not dividends, buying & holding many gold mining companies over the last 4 years would have shown negative or near negative returns. I guess this says you have now changed your position on mining firms running a hedge book, that too is far different than that which you call the best way for a mining firm to produce cash flow - the mining gold.

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