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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: Jaakko who wrote (2342)11/24/1999 8:26:00 AM
From: long-gone  Read Replies (1) | Respond to of 8010
 
<<I remember reading somewhere else that their loans actually require some hedging.... does anybody have any specifics on this?>>

Sorry I don't know more, but I remember well, when Standard & Poors pushed ALL metals producers into hedged positions with threat of reduction of credit rating for any who would not hedge. only 5 months before recent gold spike! Jerks! If you are going to play the bankers game, you must play by the crooked rules. I believe hedged position may have changed after Gates came in.