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

To: Mark Kubisz who wrote (8530)3/19/1998 1:00:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 116815
 
maybe just covered at a lower price?



To: Mark Kubisz who wrote (8530)3/19/1998 6:35:00 PM
From: PaulM  Read Replies (1) | Respond to of 116815
 
Hi mark. It means they're buying back the gold they sold forward. They made money on these contracts, because they sold at a higher price. Now they're "locking in" the profit by buying back at current prices (i.e. realizing the gain). Basically a succesful short sale.

Means they're betting POG doesn't go lower. Arguably a bullish signal, if you think gold producers know more than the rest of us.


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