Newmont Mining(NEM) & Newmont Gold(NGC) Message Board

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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)

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To: Michael Olds who wrote (121)	4/21/1999 10:15:00 PM
From: ahhaha	Read Replies (2) of 587

If you're going to take risk, take it, don't hedge. Hedging is a bet that you're wrong. What kind of a bet is that? NEM doesn't hedge. According to the expert 'Bugs on the ABX thread ABX is right about hedging because ABX knows what they need to know about what gold is going to do. The assumption is that if you're in business, you know all about it. That claim is so humorously wrong that it isn't worthy of being refuted. Ask Pfeiffer, CPQ's ex-CEO, whether he knew all about his business. The public says, "he must have, he was CEO". With their hedging program ABX is betting they're wrong. Some management. If you're a 'Bug, where else can you hide except behind authority? Gold rises when authority is wrong and is falling apart. NEM doesn't pretend to know where gold's future price will be. NEM doesn't hedge.

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