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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bill Murphy who wrote (3829)3/3/1999 11:40:00 AM
From: jgibbs  Read Replies (2) of 81800
 
Bill,

Maybe someone can give me a quick lesson in Selling Forward 101:

1. If mine production is supposed to increase, if production costs are coming down and the gold price seems to be capped by you know who at 290 bucks, plus or minus, why would anyone pay so much more, sometimes more than 100 dollars an ounce, for future delivery. Why don't they wait and pay less? Why would they pay so much? Who is doing all this forward buying?

3.Doesn't paying what seems to be a lot of extra bucks for future delivery suggest that those who are doing the buying expect gold to increase in value to at least what they are paying for it, other costs taken into account?

Still learning,

JimG

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