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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 444.95

-10.3%

Jan 30 4:00 PM EST

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To: Hawkmoon who wrote (66662)	9/30/2010 9:25:02 PM
From: carranza2	Read Replies (1) of 219954

That's good but better is NGD. After its New Afton project gets going (a couple of years), copper revenues at $3.25 per lb. and silver at $15 per oz. will pay for every ounce of gold extracted. At higher prices, Au will be extracted at negative cost. If Au goes to $2000 as this occurs, well, you do the math. NGD could conceivably be at $30 in a couple or so years. It is at $6 and change now. Go to p.17. newgoldinc.com Which is why I own it. In 2010, it increased its cash position by over $130 million without issuing any new shares. Has nearly $400 million in the bank. A crazy good stock. I am very bullish on gold. The gold mania has not started, but it will. It is quite likely that Au at $2000 is low. Advice: don't fool with double or triple short or long anything. Too speculative. I do sometimes but often regret it.

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