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Gold/Mining/Energy : Gold Price Monitor

GDXJ 130.28

+0.3%

Feb 4 4:00 PM EST

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To: Enigma who wrote (24861)	12/23/1998 4:16:00 PM
From: Enigma	Read Replies (1) of 116960

(con't) - the producers, as true hedgers, presumably run a loan account with central banks or intermediaries, and these loans are settled on an ongoing basis - possibly with gold from production - via the mint or whatever ultimate refinery they use. I don't know it there is any data re: the percentage of gold sold short by producers vs speculators - it is the latter breed where the cans of worms may reside. e

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