Replies to post #38183 on Zeev's Turnips Patch-No Politics (ZEEV)

[JimWillieCB]

several are better than NEM, and offer size
Kinross KGC is one
Royal RGLD is another, but smaller

NEM will be dragging that hedgebook millstone for another year
its biggest benefit is recognition among those who know little about golds
it NEM pulls the mainstream funds into gold, great

watch NEM versus a dozen medium and large unhedged
it will perform last imho
/ jim

[JimWillieCB]

I dont regard 10% of entire reserves as minor
not BS, just difference of degree
Newmont's reserves are massive, and boasts of being non-hedged
I think they are deceptive
they sprung the hedgebook on their investors without notice during extensive aqsn events

I find almost all references by companies about hedgebook extent as less for forthright
10% is a lot in my opinion, but not yours
c'est la vie
/ jim