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Gold/Mining/Energy : Precious and Base Metal Investing
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To: russwinter who wrote (18823)8/30/2003 8:20:47 PM
From: Joan Osland Graffius  Read Replies (1) of 39344
 
russ,

I do not know who is buying gold and what commercials are short gold.

If I owned a mine, have inventory and happy with delivery at the current price of gold, I would sell in the futures market and lock in profits. A good management team would take profits that would keep the company financially healthy and give them the capital to find or buy reserves. I am quite sure these commercial contracts require delivery when covered.
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