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Which of the following is CORRECT? A. A gold miner expects to mine and sell 100 ounces of gold in 2 months. To hedge against

Which of the following is CORRECT?

	A.	A gold miner expects to mine and sell 100 ounces of gold in 2 months. To hedge against adverse gold price risk, he/she should long gold forward contracts.
	B.	A short position in the forward makes money if the underlying asset price rises above the forward price.
	C.	There is no credit risk with forward or futures contracts.
	D.	Forward contracts are usually settled at maturity, whereas futures contracts can be settled before or at maturity.

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