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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST
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To: Real Man who wrote (89818)9/20/2002 5:26:04 PM
From: goldsheet  Read Replies (1) of 116826
 
<I think there may be opportunity for them to reduce hedges, if gold investment demand does not pick up>

With reduced demand (especially jewelry, especially India), it almost becomes required that miners shift from the supply side (hedges) to the demand side (covering) I think they will be good for 600-800mt of demand, which is 20-25% of current projected demand (about 3250mt)
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