Now Skoolie I give you a worthwhile post to think about. Last year when Executives from Van Eck were here in Australia, they strongly encouraged Australian gold producers NOT to hedge too much of their future ounces when gold quickly jumped above $2000aud. Naturally all producers were tempted as a natural reaction when gold price jumps significantly. If you look at nearly all producers, there has been 'little' hedging. They listened , as they should have. Van Eck isnt going to cut his own throat. Now i think you should take some advise and listen to Van Eck yourself.
