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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: Ken Benes who wrote (47086)	1/14/2000 4:24:00 PM
From: Zardoz	Read Replies (1) of 116789

ABX's forward sales/leasing has increased supply to the market, period. That's not true at all. Forward selling does not cause an increase in supply. Leasing and selling into the market, only changes when the supply is sold, so as to better capture the price of the sale. This is why the Gold market has a much smoother, less volatile chart then 1971-84. Selling Futures is not selling additional supplies either. Hutch

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