Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: mick who wrote (27293)	1/29/1999 11:43:00 PM
From: Little Joe	Read Replies (1) of 116764

I don't think you are interpreting the information you have correctly. These are transactions to sell gold in the future at a certain price. If you check out the commodities page you will see that gold and nearly all commodities for delivery in the future sells for more than gold for immediate delivery. This is because there is a premium for storage, insurance, interest carrying charges, etc. consequently, hedged gold can be sold at higher prices, even by mining companies that don't necessarily incur these carrying charges. I have seen nothing in the information you provided that suggests that there is a private market for gold where it is selling above the price s that are quoted. Live long and prosper, Little joe

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