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Strategies & Market Trends : Ride the Tiger with CD
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To: Veteran98 who wrote (225551)3/8/2013 10:10:01 AM
From: Nevada9999  Read Replies (1) of 313021
 
I think a producer, such as IMG, is a more likely victim at this point in the cycle. Producers have big liabilities and are more likely to panic in these downturns. Homestake selling to Barrick in 2000 because they were unhedged is probably the best example. Resource companies are much more able to hunker down and ride it out if they believe in gold going forward (if Zincman is not the CEO).

I think Iamgold, Novagold and Barrick are being crushed this year as a result of redemptions at Paulsen's fund. They were all among his favorites, FWIW.
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