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Archive for July, 2007

Newmont Mining to eliminate gold hedge book

Newmont was a longtime darling of “pure gold” stock investors, having eschewed the hedging and the forward sales that its rival Barrick Gold so often bragged about. However, in 2002 a three-way...

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Posted by Administrator on July 6th, 2007

Category: The Metals Markets

LCs actions confusing

It was only June 26 that I reported on the large commercials (LCs) dumping their long positions in the dollar. Such a move can generally can be construed as negative for the dollar and positive for gold...

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Posted by Administrator on July 2nd, 2007

Category: The Metals Markets