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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST
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To: goldsheet who wrote (60437)11/2/2000 3:49:29 PM
From: tyc:>  Read Replies (2) of 116764
 
>>I have never understood why the Australian insist on hedging in $A

Surely it is because their expenses and costs are Australian dollars. They are protecting themselves from a relative fall in the dollar that would see their costs increase relative to their revenue.

You see the same thing in Canadian base metal miners. They hedge against an increase in the Canadian Dollar by forward selling the US dollar.
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