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


To: Archie Meeties who wrote (6863)5/13/2004 12:48:26 PM
From: goldsheet  Read Replies (2) | Respond to of 8010
 
They are changing the basic equation of a mining company, by altering the 1:1 ratio.
If one objects to hedging, which manages risk and lowers the leverage to spot prices,
then one should also object to a mining company leveraging up.
Goldcorp did it with gold bullion, and although it worked last year,
they are one of the worst performing stocks in the XAU Index (down 33% YTD)