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Newmont mining got slammed today because of their
added cost of mining. The thing is that derivative losses are charged to
property it was taken against. The gold mining companies took a page from
the wine industry several years ago. They sold derivatives against future
production and now it is coming home to roost. I did an analysis on gold
for www.delta100.com and if you are
iinterested drop in. It is in the comments section. It is a free
site at this time.
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