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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (10999)4/30/1998 11:01:00 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 116764
 
The fact that many banks require gold miners to hedge as a condition of financing is a strong argument that this industry needs to consolidate on a big scale. When a lot of little player have been replaced by a few financially strong big boys not dependent on the banks in a major way the outlook for POG will improve exponentially.