GREY:GRFJF - Post by User
Comment by
SkyeCairnson Dec 26, 2008 4:23pm
438 Views
Post# 15667690
vRE: Gold Hedge Gains for Q4
vRE: Gold Hedge Gains for Q4POSTED by
MyStockhouse/Default.aspx?u=2124636"">keizaigakusha
Given gold is trading around $847 today, we should get a gain of roughly $15 million to earnings from the formula above
You spoke too soon. PoG is hovering around $870 on Boxing Day. So the MTM will be small if it stays where it is. But since we have 3 days to go before year-end who knows where it will end up. This is one reason this cash flow hedge should not be mtm'd it really skews the EPS and P&L.
GLTA 2009 should be sweet for us longs.
.