SLR Chart, page-695

Looking back they were hedging in the quarter which ended March 31st this year and haven't done any since, around 50,000 ounces or so hedged in that quarter as far as I can tell .In North America in the financial reports they would be required to divulge the loss resulting from Hedging activity ,cant find it anywhere the SLR reports .It is simply no good in a major gold bull market to be hedging like this ,investors loose the benefit of a gold price rise .I sold out my entire position will move on to another company which isn’t doing it .