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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (63299)6/12/2006 12:44:36 AM
From: mishedlo  Read Replies (1) of 110194
 
And in some cases, I think they did sell more gold than they were capable of producing.

If any did they could be in trouble.
The other problem (more serious IMO) is failure to account for rising energy costs on what they sold forward (presumably at a profit).

I suspect many did fall into that trap.

It is also possible that there are some obligations on LT debt that could force liquidation in such a scenario.

Mish
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