OT - Gold
<p>OT - Gold/ABX - I always have an eye out for gold
prices, given that they've been hit as hard as any commodity. I'm
inclined to wait some more, and see if it'll go below $1,000/oz.
But particularly I watch ABX, which, at its recent nadir of $6.79,
was sporting a 3%+ dividend. Don't know how well/if they can
sustain that, as I don't have a good line on how badly scaling back
operations, similar to oil, has been made necessary by only keeping
the lowest cost mines online at these prices. I understand a
stronger dollar whips all commodity prices, but such things don't
last forever, and gold may be a nice at least small hedge position
for some future date. I'd welcome any thoughts folks have on
gold, and particularly ABX, if they've got an
opinion.</p>
|
|