The piper is being paid | CMI Gold & Silver
Tuesday, May 30th, 2023 MST

Production and availability of certain products is limited, please consult your sales agent for details on product availability and delays.

Gold Product Prices Silver Product Prices Platinum Palladium
Questions? Call Us


Mon-Thur 7am - 5pm PST Fri 7am - 2pm PST

The piper is being paid

For over a decade, gold bulls lambasted the gold mining companies that were hedging their production. But, while gold prices were falling, the mining companies ignored the complaints.

Barrick Gold Corp even bragged that it was not a mining company but a “financial house.” Now, they’re singing a different tune.

A article discusses Barrick’s and Newmont Mining’s woes in dumping their hedge books. also has an article on industry dehedging.

Meanwhile, miners in South Africa seem set to strike, which, if it comes about and lasts some time (doubtful), should result in higher gold prices.

Leave a Comment