These clowns just announced that they actually lost $53 million this year because of currency and gold hedging.  When asked if they would continue the practice, the CFO said “yes” citing their success with the program over the last 5 years.

I actually owned quite a bit of HMY and thankfully got a double out of it.  I didn’t realize they were hedged, and I dumped the entire position today.  I could care less where it goes from here–I am never touching it again.

I’ve actually got quite a bit of cash to deploy now.  I will be nibbling on any dips in other miners.