Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: Wade who wrote (11399)	11/11/2009 3:41:22 PM
From: Tommaso	Read Replies (1) of 48092

Barrick worked the essentially sterile forward-sales racket for a couple of decades and wound up missing out on the acceleration in spot gold prices, plus huge indebtedness for its hedge positions. I can't see why anyone would choose ABX as a gold play. I was not happy to see an interview with the CEO of Newmont, who did not rule out a combination with Barrick. Maybe if NEM can buy up Barrick cheap once it's paid off all its hedges, but I hate to see anything I have an interest in burdening itself with another company's obligations.

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