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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: goldsheet who wrote (1352)6/11/2001 1:34:48 PM
From: Frank Pembleton  Read Replies (1) of 4051
 
"hedging is bad"

I agree with what you are saying, I'd like to add that some mining companies use hedging as a way of financing a new operation. I've noticed the amount to be in and around 5% to 10% of production.

To hedge or not to hedge, is really not the question, it's how much.

Regards
Frank P.
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