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Gold/Mining/Energy : Barrick Gold (ABX)
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To: nickel61 who wrote (2819)5/18/2002 3:18:44 PM
From: goldsheet  Read Replies (1) of 3558
 
<This is not a minor reason why the spot price of gold has declined so much in the last six years. Do you not agree? >

I do not agree. If you read my earlier post I attributed about $20 of of the drop to forwards sales. I think increased production was the major contributor ($50), along with outright central bank sales ($20) and the Asian currency crisis ($20). Forwards sales are not a minor factor, but they are not as signifigant as claimed and were definitely not the primary factor.
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