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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (17219)9/11/2000 12:34:49 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
for my taste their hedge book is way too large...it's currently profitable, but that could change fast if gold prices were to rise in USD as well (gold is already in a bull market in non-US currencies, excl. Yen.).

for the next 5 years about 40% of AU's production is sold forward...
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