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: Zardoz who wrote (34559)	5/27/1999 10:58:00 AM
From: long-gone	Respond to of 116785

<<Now for you:Of the XAU, how many are hedging, and what portion are CDN? Does the foreign producers hedging make a difference to price preformance?>> ABX :Barrick Gold Corp. - deeply Forward sold on borrowed gold with puts, calls, & currency hedges (ten years of production to 50% of total reserves)(cdn company) BMG :Battle Mountain Gold - around 20% production forward sold tru 2003-4 Cdn, US, & other production HM :Homestake Mining - around 10% of production forward sold through 2002 lesser amounts through 2004(they do have some Cdn production) NEM :Newmont Mining - no forward sales(though they do have some Cdn. production) PDG :Placer Dome Inc (Cdn company) - can't find it at their web site, don't hold it. Currently the hedging has made all the difference between profit & loss. There are also many ways to hedge, puts/calls, currency hedges, forward sales(from bank loans & inventory positions).

To: Zardoz who wrote (34559)	5/27/1999 11:30:00 AM
From: long-gone	Respond to of 116785

<<"Hutch, do you have a list of S&P 500 member companies?">> Reason I asked this, was somewhat retorical. Wanted everyone to understand the very low number of Americans which can invest any of their IRA monies in anything precious metals related. On Fox I heard the average number of investment options inside workplace 401k's is only five. The #1 type of investment vehicle offered at the greatest number of workplaces is the S & P index fund. Followed by a bond fund, a growth fund, and international fund, and an income based fund.