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Gold/Mining/Energy : Gold Price Monitor

GDXJ 107.29

-0.9%

Dec 2 4:00 PM EST

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To: John Hunt who wrote (36768)	7/7/1999 9:06:00 AM
From: Enigma	Read Replies (1) of 116791

Perhaps - but how do you account for the rapid acceleration in lease rates? - something else is afoot IMO. I'm trying to think through the possibility of massive replacement of old leases with new. In other words, leasing the same quantity of gold to repay an existing gold loan. The same # of ounces would result in a lower $ exposure and lease payout - but the risk of gold going up from here is greater. I don't know if anyone here has any experience of this from the leasing institution's side of things? d

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