the joys of hedging, page-4

The bank will never hedge at $50. CCU will be lucky to get $30. More like $23.

But then, as a financial advisor, you should know that. You're absolutely right about the accounting standards though, they are stupid in this regard.

"Many miners have profited enormously from hedging high." And the banks have been burnt. They won't take the risk this time. Even though silver will probably continue to rise. I'm not selling!