Many may be missing the fact that the producing gold stocks that are unhedged are now putting away growing piles of cash on their hugely expanding profit margins. Some that were hedged are quickly closing their hedge books to get access to the upside they perceive to come.
The Intelligent Investor has a bit of a write up on this.
They are quickly becoming gold and cash stocks.
Can they resist temptation to spend the $$$ though?
