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Gold/Mining/Energy : Precious and Base Metal Investing

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To: russet who wrote (6316)12/24/2002 1:31:54 AM
From: Canuck Dave  Read Replies (2) of 39344
 
Barrick chart is saying something is not right at Barrick.

They have some extremely complex hedge strategies which I don't even pretend to understand. One writer has suggested that if gold ever went into backwardation for an extended time, their strategy would blow up in their faces.

I have no idea whether that is true. All I know is I'm in Goldcorp because it is a simple little gold miner with good leverage to gold. Oh, and it just paid a very nice little dividend and went up nearly a buck today.

CD
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