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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (2473)	1/21/2000 2:19:00 PM
From: Richard Mazzarella	Respond to of 8010

Bob, <<hedging>> IMO it depends on one's investing objective. If one doesn't want the actual metal, but desires a high leverage to it, buying a non hedging company is the play. Survivability of a company is another issue, a higher risk. BTW, I would rather invest in a non hedged producer that is spending more time in reducing cost and improving technology than one who is hiring Ph.D. paper option pushers. <VBG> People can look for the crooks in POG, but the real problem is Barrick's hedging IMO. People won't invest in something that doesn't change price. It's good for management, but sucks for shareholders, both long and short.