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Gold/Mining/Energy : Gold Price Monitor
GDXJ 143.68-4.5%Jan 29 4:00 PM EST

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To: Zardoz who wrote (68147)4/23/2001 6:38:49 PM
From: goldsheet  Read Replies (1) of 116936
 
> Leasing is not an increase in supply, just a movement forward in time

Made a similar point the other day. Maybe gold was going to head down to the $250 level based on long-term supply/demand characteristics and leasing/forward sales may have just hastened the process (time shift) Forward sales appear to have stopped (based on 2000 GFMS data), so I guess the next step is to see if everything already leased can be handled (closed, delivered, restructured) in an orderly manner, or if we will get market disruptions (short squeezes, Chapter 11s, etc.. )
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