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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (34799)	6/26/2005 5:07:29 PM
From: NOW	Read Replies (1) \| Respond to of 110194

good strategy...

To: Tommaso who wrote (34799)	6/27/2005 8:23:50 AM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

that gets back to my original point (the person before is the one who said they were residual): if NEM is so smart and they are buying oil sands when they aren't even in the business, then they don't sound bullish on gold. if NEM wanted an energy hedge they should simply buy the long-dated futures (certainly that is a much more straightforward and honest hedge than buying the operational nightmare of oil sands). instead, they are saying oil sands are a better investment than gold miners (i agree completely). if airlines bought oil sands and said they were a hedge, they would get laughed out of the room. (they buy energy futures to hedge.) but when it comes to gold, people believe anything.