Gold above $3000oz.
If hedge advice was followed they would be once again on the loosing side on trying to predict the gold price.
Gold has been in a long term up trend since 2000, trying to bet against this has proven costly to many gold producers.
The problem with hedging is you miss out on the upside and if you don't do it in a significant way the limit to the downside (in terms of $) isn't generally enough to save to pain when a correction may occur.
Ann: Trading Halt, page-82
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