over an hour with chris, page-12

Thanks ocracoke, I would like to add my thanks.

It seems gold price hedging is not quite dead.

Gold miners net hedgers for second consecutive quarter
The second quarter saw gold miners add 0.19 million ounces to the global hedge book, the first consecutive quarterly net hedging in 10 years, according to Thomson Reuters GFMS and France's Societe Generale.

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=136865&sn=Detail&pid=102055