Can Haywood Lead us to the Promise Land?Terry:
[S] Bottom line is as BRD:
1. Reduces every OZ of the hedge,
2. Buys back every (converted) warrant and,
3. Retires every $ dollar of outstanding debt,
BRD as an "investment" is proportionately increased.
I always look to the Globe & Mail or BNN for their take on the reason(s) that the POG is doing so well today. John Embry made this call before? i.e. POG will rise as the Global stimuli are in fact inflationary:
Taken from the G & M:
"IMF report clouds outlook
A new report from the International Monetary Fund further clouds the outlook for the global economy as central banks debate the need for more stimulus, politicians quarrel over whether to boost spending or cut deficits and investors drive the price of gold to record levels in a bid for safety.
Strain on the financial system has increased over the past six months, led by persistent worries over sovereign debt and a growing concern that banks lack the capital to operate effectively without government support, the IMF said, Globe and Mail Washington correspondent Kevin Carmichael writes.
“The global financial system is still in a period of significant uncertainty and remains the Achilles’ heel of the economic recovery,” the IMF said in its biannual Global Financial System Review, released today in Washington."
GLTAL-GLAP
Cheers
Stanley