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Strategies & Market Trends : Ride the Tiger with CD

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To: Rocket Red who wrote (106494)2/23/2008 7:40:19 PM
From: Canuck Dave  Read Replies (2) of 312891
 
I always wondered what happened to their huge hedge book.

When I first got interested in gold stocks, obviously Barrick came to mind, but it traded very weirdly so went with Goldcorp instead. I read Barrick's financial report once (or tried to). Of course, they were bragging about the hedge book back then.

I never did understand their various tiers of delta-hedging, nor do I desire to.

They claim to be unhedged now, but I do know that in 2001, they had the option of pushing their hedges out. I bet that's what they're still doing.

CD
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