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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (12602)	9/3/2004 9:01:35 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 312379

"ABX has showed some smarts..." You seen their chart the past 3 years? investdb.theglobeandmail.com Not much to get excited about, along with a measly 1% yield. CD

To: Cogito Ergo Sum who wrote (12602)	9/3/2004 9:07:23 PM
From: tyc:>	Read Replies (1) \| Respond to of 312379

Hi Spots, Although I do own some abx, as a matter of principle, I don't like hedging. I played the option markets for years hedging with calls. Now I prefer to play "volatility long".... leaving the gain wide open. I own ABX not because of its hedges but because of its UNHEDGED reserves and growth potential. (I consider its hedges as a desirable diversification) But right now I'm more enthusiatic about a .16 cent penny mining stock ! To my mind an incredible bargain... but people are dumping it because its price has been going DOWN ! Surely rather silly. If I'm playing poker and I don't know who the patsy is... it's probably me ! (We'll see)