My timing is impeccable. On Monday, I suggested a couple gold ETFs and a couple mining companies. Coincidentally, today one of the mining companies announced that they're doing away with the portion of the business that acted as a gold hedge:
"'With the elimination of our gold hedge book, we have renewed our commitment to maximizing gold price leverage for our shareholders,' CEO Richard O'Brien said in a press release."
I will take this announcement as an indicator that industry insiders are bullish on the future of gold. Don't say I didn't tell you so.
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