newmont to walk away from gold hedges

  1. 5,447 Posts.
    Interesting that Newmont has indicated it might walk away from gold hedges put in place by previous owners of bronzewing mine.Makes a mockery of all the talk of gold price manipulation for and against.It is just a mass of paper which will be allowed to blow away in the wind;those on the losing side can escape by folding up the companies,not finding the gold.Soon we may see whether there is a shortage or not or it was a huge scam.
 
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