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Gold/Mining/Energy : VENGOLD VENGF this is real -- Ignore unavailable to you. Want to Upgrade?


To: The Vet who wrote (324)2/22/2000 4:13:00 PM
From: Hank  Read Replies (2) | Respond to of 350
 
"The market actually values their gold assets at a negative value. Vengold was in that position so they simply decided to cut their losses and invest in a more popular sector."

I'm not sure I buy that. Anybody in the business of investing in commodities on a large scale knows how to hedge their positions in the futures market. That's what it's there for. If they got hammered that bad due to the POG, then they obviously weren't very good gold managers. What I want to know is, why should I believe they will be good internet managers?