SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Buckey's Bottom Bounce Short Term Picks (CDN ONLY) -- Ignore unavailable to you. Want to Upgrade?


To: TMAZZ who wrote (1131)10/5/1999 11:22:00 PM
From: dean poets  Read Replies (1) | Respond to of 5887
 
The story I have heard about Cambior, is that they have been caught in a pickle, due to the reason that Gold is moving up so fast!

They have sold forward most of their production, hedging in case the price of Gold fell any further. Apparently with gold shooting up so quick, it has made them close out the forward sale contracts. They are having to pay more for the Gold now, than what they were getting paid for their Gold before.

Dean
PS. How are things going Buckey?