A to Z Junior Mining Research Site Message Board

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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: russet who wrote (245)	6/21/2002 11:50:16 AM
From: tyc:>	Read Replies (1) of 5423

>"Only a small percentage of any years production is hedged, the rest gets the spot price " Production is either SOLD at spot prices, or returned to the lender (i.e the hedge is CLOSED) Do you agree with me, russett ? It's not just semantics. All the gold that is being returned to the lenders by the closing of hedges , becomes available for lending again. And because the price is now higher, the amount that the CB earns by leasing is higher too. It is not surprising that lease rates remain low..... and understandable that there is lots of gold available.

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