Ride the Tiger with CD Message Board

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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 10:00:12 PM
From: koan	Read Replies (1) of 312839

ABX, great post Red. Remember when ABX was making all of the money hedging and selling forward. For years they made the most money and were instrumental in keeping a lid on gold prices along with other producers following suit. But no one hedged like ABX, never to the degree ABX did. For years they made the most money with their intricate hedging programs. Looks like their arrogance just bit them in the ass-lol. Could't happen to a better group-lol. They are going to have to cover those shorts at some point and if Kaiser is correct with his prediction of $2400 gold, holy cow!!!!

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