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.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (43941)1/5/2006 9:08:36 PM
From: Broken_Clock  Read Replies (1) | Respond to of 116555
 
GG could get away with that kind of hedge. I think ABX is somewhere north of $200 cost/oz.



To: regli who wrote (43941)1/5/2006 10:16:01 PM
From: Casaubon  Respond to of 116555
 
ABX sold short paper gold (future production)=gold out of the ground

PS And yes, the hedge price is above the cost of production. So, as I said, they gave up some potential profit in exchange for a predictable ROI. If you can't see that, I will not belabor the point any longer.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News