Really helpful. I work with a few “true believers” who are constantly telling me in the face of my skepticism that I just need to go down the rabbit hole. And once I do, I’ll see the light. I suspect a few years of sideways or down movement will test anyone’s patience
What's interesting about your gold hedging comment is that were seeing this happen in energy today. Companies are openly discussing not rolling hedges once the current hedges expire. PNR and DEN for example.
Really helpful. I work with a few “true believers” who are constantly telling me in the face of my skepticism that I just need to go down the rabbit hole. And once I do, I’ll see the light. I suspect a few years of sideways or down movement will test anyone’s patience
I dont know where crypto goes long term... but it feels like it needs to rebuild some short interest before it can stabilise
What's interesting about your gold hedging comment is that were seeing this happen in energy today. Companies are openly discussing not rolling hedges once the current hedges expire. PNR and DEN for example.
Yes - usually when the hedges.start costing money companies stop doing it!