RE: CGAAlthough I am not surprised to see CGA dipping back into the lower trading range in the 2.70's, I did expect that type of move to occur with a slight downdraft in gold. But instead of a $30 dip in gold we actually got a $30 rise to new highs and yet CGA still sold off. I would shudder at the thought of what would occur to CGA if gold dove $80 from here.
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I think everyone is befuddled and done trying to rationalize any logic with this stock. Maybe it's a general beat down on all producers that have hedged, I dunno. I have followed these that have hedged: CGA, GBG, BRD, SVL and all have not really participated fully in the gold/silver run and have underperformed.