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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: jpthoma1 who wrote (52237)11/6/2007 8:09:42 AM
From: loantech  Respond to of 78436
 
But this is sweet for WGW the wrestling mania stock:
GOLD 820.90 +15.20 11/6/2007 5:11:46 AM



To: jpthoma1 who wrote (52237)11/6/2007 9:58:47 AM
From: ogi  Respond to of 78436
 
Given time I would assume the POG in US$ will surpass the increases in the Canadian dollar. So, even though Canadian miners are facing currency difficulties I still see the rise in the POG as very positive.

I concentrate primarily in explorers as no matter what, running a mining operation is difficult and prone to all manner of problems, very few actual miners I would want to own.

Cheers,
Ogi



To: jpthoma1 who wrote (52237)11/6/2007 10:31:50 AM
From: tyc:>  Read Replies (1) | Respond to of 78436
 
Do Canadian miners "hedge their future revenue to the Canadian dollar"?.

I suppose that means they would buy Canadian dollar futures in like amount to (a portion of ) their expected US dollar revenue.... If the C$ goes up so does the futures they bought.

Upon reflection, it seems to me that is a standard practise, isn't it ?


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