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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (27914)4/12/2011 1:16:10 PM
From: Mike M2  Read Replies (2) | Respond to of 48092
 
SLW has a new CEO Randy Smallwood who has been with Silver Wheaton since its inception seven years ago. Randy was interviewed on Fast money Half time report. He views the bull market in precious metals as a bear market in paper currencies. When asked about the prospect of hedging Randy said hedging is NOT a part of Silver Wheaton's business plan. The video clip should be online by tomorrow I guess cnbc.com



To: Wade who wrote (27914)4/12/2011 2:10:02 PM
From: Wade  Respond to of 48092
 
Good to see Thomsome is up to bullion as well.

321gold.com

Silver Profits: USD Fry Pan vs The Golden Jumping Bean!

6. GDX could move more against the dollar than gold bullion could if we blast higher, but if a panic in the dollar were to develop, it is unknown what effect that could have on the GDX price. As the crisis accelerates, so does the resiliency of gold bullion during any market panic.

7. We are near the point where market panics will drive gold higher, not lower.