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Re: This is am indication of a turning market.... very bullish
As a person that has followed the PM markets closely since 2002 I can tell you that whenever Barrick has made a major statement such as today's news, the proper move is just the exact opposite.
Hedging not at $1900 but at $1225 with most companies breakeven at $1150 to $1175 is insane.
The new CEO is a Goldman person not a mining person. This article is so positive from a contrarian pespective.