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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: dara who wrote (19670)9/8/2003 12:11:40 PM
From: Andrew  Respond to of 39344
 
This is a good sign.

Goldcorp pulled ahead of another one.

From Goldcorp quarterly

<<Goldcorp continues to believe that gold is money and that it is in the early stages of a bull market for gold. Consequently the company remains unhedged and has continued to increase its gold holdings. During the second quarter Goldcorp increased its gold holdings to 245,224 ounces or 7.6 tonnes, which represents an increase of 10 per cent from the first quarter ended March 31, 2003. The company's gold holdings are now greater than those of Mexico and are more than 46 (or 40 per cent) of the 114 countries which report gold holdings>>



To: dara who wrote (19670)9/8/2003 1:48:44 PM
From: LLCF  Respond to of 39344
 
Canada has been maligned for selling all it's gold... while a don't agree with what they did, one could argue that they're 'hedged' by what an explosion in POG would do for the countries industry???

dAK