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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (25909)1/17/2003 3:01:37 PM
From: Canuck Dave  Read Replies (1) of 36161
 
Agreed with one caveat.

The strongest gold stocks up to now have been the ones with the lowest cash costs of production and no hedges. For those issues, a 1% increase in the gold price at 350$ isn't nearly as important as to say an undeveloped junior with projected costs of 330$ per ounce.

As long as the US dollar continues to ratchet down and trade deficits set new records, I'm still bullish on the price of gold.

Just my opinion.

CD
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