“You can’t just stick your head in the sand and pray that gold is going to go back up again,” Gavin Thomas, chief executive officer of Sydney-based Kingsgate Consolidated Ltd. (KCN), operator of Thailand’s biggest gold mine, said by phone. He’s considering hedging despite investors’ resistance. “Hedging is a call on gold. If you believe it’s going up you don’t hedge, if you believe it’s going down you do hedge.”
At http://www.bloomberg.com/news/2013-07-16/gold-slump-revives-hedges-scrapped-during-bull-run-commodities.html
My comment:
Good luck investing in any gold miner that decides to commit to delivering a significant amount of future production at these low prices.
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