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

To: LLCF who wrote (47172)	2/23/2006 1:08:14 AM
From: patron_anejo_por_favor	Respond to of 116555

1 year sounds manageable....of course, if it happens to be the year gold goes from 600 to 2400, it'll still sting a bit!<G>

To: LLCF who wrote (47172)	2/23/2006 4:23:19 PM
From: regli	Read Replies (1) \| Respond to of 116555

"Forward sales = to only 1 years production.... YAWN! Might be time to pile into this sucker!!" From Citigroup: "Produced 1.65 mln ozs at cash costs of $221/oz ($213E). Full-year cost was $227/oz, higher than $225/oz guidance. Avg realized gold prices were $467/oz ($464E) compared to avg spot of $486/oz. Hedge deliveries amounted to 400 koz, reducing hedge book to 13.2 mln oz. ABX hedge Mark-to-Market loss of (-$2.8) bln. Incl PDG book, hedges stood at 18.5 mln ozs on Feb 22.