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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: jgibbs who wrote (3850)	3/3/1999 11:58:00 AM
From: The Vet	Respond to of 81794

<< a quick lesson in Selling Forward 101 >> This same question has also troubled me recently. Almost every Gold Mining Company you hear of boasts forward hedges of up to 100% of their future production for up to 10 years in some cases, at prices in many cases $100 and more per ounce better than the present spot. For every forward sale there must by a buyer - are those buyers really stupid and will do they expect to loose billions over the next few years? I think not, but the question still remains???