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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (1967)1/17/2000 2:30:00 PM
From: tyc:>  Read Replies (1) | Respond to of 3558
 
I submit;

For the central banks to arrange a cash price for the settlement of their bullion leases, would be tantamount to their selling the bullion without disturbing the spot markets.



To: nickel61 who wrote (1967)1/17/2000 2:39:00 PM
From: Zardoz  Read Replies (2) | Respond to of 3558
 
Do you really think in the current market Barrick could buy 525 tonnes of gold in the spot market to offset their hedges and not drive the price through $400/ounce?

YES
lbma.org.uk

Hutch
Point is, they need never buy spot to secure the income. Production already handles that.


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