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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (89091)10/24/2008 2:58:10 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 116555
 
Depends. I recall the pain DROOPY shareholders experienced due to their higher break-even costs.

Every firm will have a mix. Newer mines have very high break-even costs, older ones a lower break-even.

Gold, and gold mining stocks, are a good inflation hedge. . . . They are NOT a deflation hedge.
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