Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: LTK007 who wrote (61920)	5/5/2002 4:12:04 PM
From: Zeev Hed	Read Replies (2) of 99280

its, Barrick is heavily hedged while Newmont avoided hedges, but they acquired an Australian company (Normandy Mines, with 8 MM ounces of gold hedged), getting them to a hedged state of about a year production (vs three years for the like of Barrick and Placer Dome). At the time, NEM stated that they will unwind that hedge, if they did, they must have taken quite a short term beating...or maybe that unwinding of 8 MM ounce is partially responded (together with increased retail buying in Japan) for the last surge in gold? Zeev biz.yahoo.com

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