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


To: Enigma who wrote (96463)11/28/2003 3:31:42 PM
From: paunch13  Read Replies (1) | Respond to of 116995
 
Enigma,
Like i said, IF ABX does stop hedging and does close it's hedge book then their price will go up , but as long as they have i think 17 million ounces on their books sold forward their price will be going nowhere. If my figures are correct , that would mean that they will have to mine
$ 6,800,000,000.00 of gold before they make another dollar.
John