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Newmount Goldcorp Corp. explores for and produces gold in the United States. Australia, Peru, Ghana, and Suriname. Newmount anticipates producing 1.5 million troy ounces next

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Newmount Goldcorp Corp. explores for and produces gold in the United States. Australia, Peru, Ghana, and Suriname. Newmount anticipates producing 1.5 million troy ounces next quarter and is concerned that gold bullion prices will fall. To hedge the risk, Newmount should take a position in gold futures contracts. 1) Short 2) Long

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