Most Companies, Gold, Silver, Copper, Nickel, Platinum, Lead, just about any commodity you can name (had) hedges....
THE global gold hedge book could fall below 10 million ounces by the end of this year...
Gold producers have shaved around 90 million ounces from their forward sales positions or hedge books since 2001 to take advantage of higher gold prices...
Thats 900% ....
10% to go ....
As gold, silver, and other commodites go up, hedges will fade...
CDE will do fine....
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