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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (40457)	9/19/1999 12:56:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116760

Defence Minister John Spellar said that the jets had already been legally sold to Indonesia. Nothing could be done to stop their delivery, he said. The aircraft, built by British Aerospace are currently in Thailand en route to Indonesia, where reports said they had to land after one pilot became ill during their journey from the UK. news.bbc.co.uk

To: Bobby Yellin who wrote (40457)	9/19/1999 9:16:00 PM
From: PaulM	Respond to of 116760

Gold Miners Their Own Worst Enemies--Analyst "This excessive forward selling is probably the main reason behind higher gold lease rates, from reducing the available lending pool of gold (apparently one central bank has already reached its quota for 1999)" biz.yahoo.com P.S. Here's alternative explanation. Just speculation on my part of course: BB's need CB gold to hit the market to make up a massive physical deficit, but the CB's won't lend without the promise of future gold. Luckily for the BB's, miners, like all exploration companies, are totally dependent on capital. So, the BB's and the banks (the same person) tell the miners there will be no financing going forward without a forward selling. So this "extreme" hedging is just a bullion bankers response to the supply deficit, given the rules the CB's have laid down. P.P.S. Read that interview with Pofessor Batra? "Crash of the Milleneum"? He called the US economy not a free market burt rather one of "regional monopolies." Dead on im my opinion.