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Gold/Mining/Energy : Silver prices
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To: Alan Whirlwind who wrote (2015)7/7/1999 3:54:00 PM
From: Claude Cormier  Read Replies (4) of 8010
 
<<You don't want to hedge it all because you don't know what
havoc might be reaped by other growers. >>

The grains may not grow if the wheater does not permit. That is why it is risky to hedge more than a year.

But Barrick's gold and other miners, for that matter, are already there, in the ground. That is why hedging over more than a year make sense and is why these sales are no short sales, they are covered.

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