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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (7478)3/2/2006 10:45:39 PM
From: SwampDogg  Respond to of 78410
 
I understand it just fine
If they covered here they would be buying gold a heck of a lot lower than they can sell it for over the next 15 years.
The market will tell the tale. Up until now it doesn't like hedges and one would be hard pressed to see how a higher gold price and an even larger hedge book will change that.


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