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To: HockeyPop
Barrick and Newmont are two of the biggest cap domestic companies.

Assuming "domestic" means "Canadian".

Not to bust your balls or anything, but a major chunk of the gold mining market is controlled by Canadian companies, even in the US (a major gold producer). Not an argument, just nitpicking a technicality. :-)

I am not particularly bullish on the price of gold. The internal reserve numbers for companies like Barrick and Newmont deviate significantly from their published reserve numbers in that the internally estimated reserves are significantly larger than the published reserves. This is evidenced in the percentage of production that is not produced from any previously published reserve.

If I was going into metals, I like the platinum group much better.

30 posted on 05/27/2006 11:42:13 PM PDT by tortoise
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To: tortoise

While Barrick is HQed in Toronto, Newmont is HQed in Denver.


32 posted on 05/27/2006 11:52:54 PM PDT by PeoplesRepublicOfWashington (Enhance Capitol security: Censure Cynthia!)
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