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Hennepin, IL | My guess is on a rally, nickels wouldve just delivered on the contracts. Chances are it wouldve still been a profitable hedge being it was just the next year. If it looked like inputs were going to rise due to a prolonged rally, he could've locked them in as well. Sounds good on paper at least, but you're right, theres some real risk there. Doing multiple years like many are talking about on here lately really scares me, apparently not enough were bitten by that back in 2005/6/7. I witnessed it first hand. | |
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