Gold's Six Month Base Near Completion Message Board

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Gold/Mining/Energy : Gold's Six Month Base Near Completion

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To: Bill Murphy who wrote (14)	5/18/1998 1:46:00 PM
From: Alex	Read Replies (1) of 94

Bill; What is your take on the suggestion that hedging by producers will increase in the future, even at lower gold prices, due to lower production costs? I have read that somewhere, believe on the World Gold Council site. What I'm trying to say is that producers will forward sell at lower prices than in the past because they know that they can still make money by cutting costs. Won't this forward selling put a cap on the POG if true?

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