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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Mark Bartlett who wrote (44491)11/3/1999 8:36:00 AM
From: Enigma  Respond to of 116764
 
The purpose of a mining company is to mine ore at a profit.
At any given time the managers do not know whether their commodity will go up or down in price. It's the same for farmers and cocoa growers or chocolate manufacturers, on the purchasing side. And it doesn't help the cause of a company if the managers are gold bugs. They have to be hard headed realists.