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ccmhi
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Are Gold Miners Ready To Re-Open Hedge Books? - Dan Dontrose - The Fundamental View

Barrick? They have already been hedging production from Pascua-Lama which is now little more than a pipe dream. What's Barrick gonna deliver when the hedges they already have in place come due. I can just imagine what will happen to PM prices if they are forced to cover their hedges with physical PMs. Based on Barrick's track record it's time to buy when they start hedging.

Commented 4157 days ago

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Beginning of the headline :In 2009 news that Barrick Gold was going to close its hedge book to capitalize on what they projected were going to be higher gold prices. It turned out to be a very bullish indicator that I wrote about here on this blog (and other blogs picked up on it as well). It was at a time when even I was projecting higher gold prices. Let’s first review their 2009 decision (source Reuters) Barrick Gold Corp (ABX.TO) said on Tuesday it had completely eliminated its fixed-price hedge book, allowing t... Read More

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