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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (61929)	5/5/2002 4:51:03 PM
From: t2	Respond to of 99280

Even companies like Barrick-ABX still have exposure to the spot price. I believe they will hedge only 1/2 of their production for the year. In addition, they had a major gold find a couple of weeks ago. The NEM types have seen bigger share price gains because of their hedging policies. Of course, holding these types is more risky if the price of gold starts dropping. There are pros and cons either way. I would buy both hedgers and unhedged simply because the differences in their stock price gains over the past few months. Remember the hedgers can change their minds..and that could be a catalyst for their stock price....that is what happened to AngloGold-AU stock a little while ago. (is my logic correct)