The Global Gold Hedge Book Analysis is a quarterly report which provides a timely and comprehensive analysis of the global producer hedge book.

This report is sponsored by Société Générale.

A key part of the methodology is that GFMS inputs all trades and market data into the Brady Trinity treasury management system, and extracts the key output parameters and sensitivities. This output provides the core statistical element of the quarterly "Global Hedge Book Analysis" report.

Société Générale Global Hedge Book Analysis, Q1-2008 - Key Points

* The global producer hedge book stood at 22.69 Moz (706 t) at the end of the first quarter of 2008.

* The rate of producer de-hedging surpassed expectations, having increased from 07.Q4, to 4.12 Moz (128 t). The activity was led by another sizeable cut to the forward sales position.

* Producers’ average realised prices improved 16% quarter-on-quarter, at $899/oz.

* Despite weighty cuts, the marked-to-market value of the producer hedge book deteriorated a further $0.7 billion, as the end-quarter gold price rose a further $100/oz.

Download your free copy of the current report (Q1-2008)

Specifications	> 14 pages - Free report > Quarterly publication > sponsored by Société Générale
Main features	Detailed commentary and statistics on the size and market impact of producers' positions in forwards and options incorporating measurement of the delta hedge against derivatives and the impact of changes in variables such as price, contango, volatility and interest rates.
Related publications:	> Annual Gold Survey > Gold Survey - Update 1 > Gold Survey - Update 2 > Quarterly 3-Year Gold Forecast > Precious Metals Quarterly > Precious Metals Market Briefing > The Gold Market in China - A New Beginning? > Gold Mining Reports > The Ages of Gold
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