Dry Powder! Dead Cat Bounce $US& Stimulus PackageOil/Terry:
[S] What Au OZS will bet bot for $21 mln?
1. Is it, at $876 per Au OZ hedge and $21 mln available gives a reduction of about 24,000 Au OZS of hedge? OR
2. The OZS will have to be bot on the spot market to be delivered against the hedge? i.e. $21 mln/ $1300 per Au OZ = 16,150.
Cheers
Stanley