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


To: goldsheet who wrote (91016)11/10/2002 3:37:11 PM
From: E. Charters  Read Replies (1) | Respond to of 116906
 
Many of your gold ounce production are sold forward aren't they? In other words they are not really produced so much as sold. Their delivery can be paper not gold. I think it often is in the case of African mines.

The key point is elasticity. Your philosophy ignore that small fact.