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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Zardoz who wrote (47088)	1/14/2000 4:44:00 PM
From: Ken Benes	Read Replies (1) of 116790

When gold is leased from the central bank, it is immediately sold into the market. The Barrick's hedge book includes leased gold which is collateralized with inground gold that is then sold forward guaranteeing a price. Bottom line, additional gold is sold into the market. This is considerably different than the forward sales of other commodity producers that guarantee a specific amount of their commodity for a specified price at a particular time. This type of forward selling does not increase supply. Ken

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