Replies to post #38021 on Zeev's Turnips Patch-No Politics (ZEEV)

[JimWillieCB]

funds may love NEM, but it contains far more forward sales from acquired hedgebook than investors are aware

I would be on the lookout for investor lawsuit for nondisclosure of Normandy's hedgebook

I think NEM is the slowest among the big golds, now burdened further by a nagging medium hedgebook

NEM is a good signal though
/ jim

[Benj]

Bernard.....Reguarding "The NEM story". I read and article several months ago and I believe that some of the officials of NEM stated that they were still hedged and that it may take them 2-3 years to become fully unhedged.

Benj