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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.78-1.2%Dec 31 4:00 PM EST
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To: Eashoa' M'sheekha who wrote (2995)11/9/1997 2:55:00 PM
From: goldsnow  Read Replies (2) of 116837
 
Taurus, Swiss had many reasons (not the least to prop-up their frank without actually selling gold-numerous benefits beyond the scope of this reply) What unclear is WHO is buying all this existent and un-mined gold. For many hedged and un-hedged producers it is undoubtedly cheaper to buy gold at current prices and sell forward at hedge. Two goals achieved. $$$ are made. Competition is destroyed. Reserves preserved.
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