RE:RE:RE:Gold up As Biden gives permission to Ukraine Gold is only $ 200.00 off it's high, no big deal, and it doesn't hurt producers much, because they don't count on these high prices. They are getting a wonderful bonus way over and above what they project for profits because they have seen terrible deep and long corrections. That may be coming down the road, so they enjoy these times and sell as much as they can.
Someone should keep track of gold producers who are hedging, and at what price, because that is what controls their books, profits, expenses, etc. I have seen where some locked in foirward sales and lost huge in increases in prices for equipment and operating expenses. Barrick had a large hedge book at one time way back when. It's a tricky game.
EK