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To: Zeev Hed who wrote (78546)3/11/2001 5:47:47 PM
From: yard_man  Read Replies (1) of 436258
 
By so much above 300 -- you simply mean CBs, right?

Will you change your analysis if gold should hit 350/oz this year?

Can you fairly analyze gold simply in terms of supply and demand when in addition to the overhang you mention (as if CBs would simply sell and keep selling to cap the price until supplies were exhausted and producers would continue to sell foward into such a rise) -- there is also a paper market that is heavily short and one which is at least an order or two in magnitude larger than one years production?
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