Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (48153)	2/6/2000 9:24:00 AM
From: yard_man	Respond to of 116753

it was less than a years production in the case of NEM. The hedge limits their profitibility, doesn't eliminate it. The bad thing about their hedge is that it is forward a couple or three years. They sold calls and bought some puts -- the hit they took was because somebody told them they needed to mark to market the hedge during the spike last year. Does anybody know what they've done since? I would think that the negative reaction they received would have been enough for them to offset some of the hedge in the recent weak period ...