Dutch Central Bank Sale Announcement Imminent? Message Board

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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Bill Murphy who wrote (5820)	5/5/1999 11:25:00 AM
From: jgibbs	Read Replies (1) of 80924

Bill, In case you haven't seen it, Ted Butler has a new editorial at: gold-eagle.com He backs up everything you've been saying and then some including answering a long held question of mine - who is on the other side of the hedging. He uses ABX as an example, and what he offers should make for interesting reading for those holding ABX shares. JimG <<<If the price of gold is 300, somehow they get $50 or $100 more. I've heard people ask out loud (well not too loudly) who is on the other side of that transaction, paying that price. The answer is no one is paying that price - all Barrick is doing is extrapolating what they'll make on the proceeds of their short sale at the end of so many years, and saying that's what they are getting (now).>>

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