Take a look at Sbm over the years—- whilst ncm had it all flapping in the wind, refusing to hedge it got killed in the gold collpase of 2013- Sbm managment took steps to lock in cashflow and margin in stages reducing risk with hedges - there is still production unhedged which can take advantage of the increases
That aside- looks like my 3 pm battle starting at 129 and finishing at 125 yesterday was with some shorts - with alert notices on yesterday’s gross shorts - namely over half a percent throw at it
See how we go with more purchasing over time- a lot of fuel being added but gold usd now broken out of bear market and aud gold going strong
See how it goes
Gl
DCN Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
