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Gold Fields Ltd. Message Board

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  • el_latino1976 el_latino1976 Jun 6, 2002 11:27 PM Flag

    what are the best Gold stocks to own?

    The best gold stocks to own are the unhedged North American companies like Goldcorp (GG) and Agnico-Eagle Mines (AEM)..

    Glamis Gold (GLG) and Meridian Gold (MDG) are also unhedged and debt free, they have mines in Central America which shouldn't be too risk.

    If you don't mind speculation you could try the South African companies. Durban Deep (DROOY) has been around forever and should be unhedged this summer. Goldfields (GFI) and Harmony Gold (HGMCY) are also unhedged with low debt. Remember these are South African and are riskier than the North American companies that's why the NA companies are priced higher.

    Newmont Mining (NEM) is the biggest and should be the one the institutions will go after once the price of gold really starts going..they do have a hedge book but are working to unwind it, the company has a non-hedge policy.

    Avoid hedged companies such as Barrick (ABX), AngloGold (AU) and Placer Dome (PDG) these companies could be in trouble when gold rises..

    It also wouldn;t be a bad idea to look at silver stocks like Pan-American Silver (PAAS), Silver Standard (SSRI), and Hecla Mining (HL)

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    • Nicely said el latino. One question. Do you think HECLA is overhedged?

      I'm an owner, and dislike hedging, because I don't buy miners that are really just hedge funds. Barrick is THAT.

      I don't buy anything, that only does well, when the product they are producing does not do well.

      Granted, there are degrees of differentiation, but when I bet on Silver for instance, I want to be compensated if I'm right.

      Ashanti, Cambior investors invested in gold, but got bitch slapped with a rise in the price of gold. Do you think HL has overdone its silver hedging? I don't, but I've been wrong before, and I detest all hedging in the metals, but I have NO problem with miners hedging against currency risks.

      At least they would seemingly still believe in the product they are producting. GFI is doing some currency hedging for example, with the rising Rand relative to the dollar, and I think it's probably a good idea.

      I'm no currency trader, but it seems GFI only bets on currency relativities, and never bets against the product it produces.

      That's why I love Gold Fields. NEM says she'll drop another million oz's from her hedge>>>>I'm liking her better as well.

      Burma Shave Guy

    • "Pan-American Silver (PAAS), Silver Standard (SSRI"

      Like these as well. Be carefull on PAAS all they talk about now is how bill gates bought 5mln shares and buffet owns xx xmillion ozs of silver. But some good people over there.

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