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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: LLCF who wrote (47172)2/23/2006 4:23:19 PM
From: regli  Read Replies (1) of 116555
 
"Forward sales = to only 1 years production.... YAWN! Might be time to pile into this sucker!!"

From Citigroup:

"Produced 1.65 mln ozs at cash costs of $221/oz ($213E). Full-year cost was $227/oz, higher than $225/oz guidance. Avg realized gold prices were $467/oz ($464E) compared to avg spot of $486/oz. Hedge deliveries amounted to 400 koz, reducing hedge book to 13.2 mln oz. ABX hedge Mark-to-Market loss of
(-$2.8) bln. Incl PDG book, hedges stood at 18.5 mln ozs on Feb 22.
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