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

To: Zardoz who wrote (47088)	1/14/2000 4:44:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116788

When gold is leased from the central bank, it is immediately sold into the market. The Barrick's hedge book includes leased gold which is collateralized with inground gold that is then sold forward guaranteeing a price. Bottom line, additional gold is sold into the market. This is considerably different than the forward sales of other commodity producers that guarantee a specific amount of their commodity for a specified price at a particular time. This type of forward selling does not increase supply. Ken