28.08.2009 - Global gold hedge book drops just 31 tonnes in Q2 - SocGen
From Mineweb.com: Next year should see at least 80 tonnes of dehedging - a far cry from the annual average of 290 tonnes since net dehedging became part of the annual supply-demand balance in 2000. The latest quarterly hedge book analysis from Société Générale, using figures compiled by independent research house GFMS Ltd in conjunction with Brady plc and its risk management software, shows that the outstanding delta-adjusted global mining hedge book contracted by just 33 tonnes over the first half of the year, and a similar volume is expected for the second half..............Full Article: Source
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