Sunday, 23 November 2014

Gold Mining Hedge Book

Dominic Frisby considers  gold miners' production hedging at Moneyweek.
If the global hedge-book is rebuilt that hedging will see sales into the futures market.
If producers are un-hedged collapsing prices would see very large losses in the industry which could reduce mine supply, though with such large above ground stock many would suggest that mine supply is not significant for gold pricing.

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