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Hi demiller1,
The spike in gold prices today should make it interesting to observe the relative price performance of the hedged producers against those who've been long gold. You may remember the acrimonious discussion about Barrick on the Bear/Gold boards a couple of months ago; we now should have some evidence.
Incidentally, Normandy (which I own), jumped substantially today, even though they put most of their hedges back in after realizing their profits earlier this year.
badgley
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