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

To: IngotWeTrust who wrote (13380)	6/18/1998 6:44:00 AM
From: geoff s.	Read Replies (1) \| Respond to of 116796

Is there any more info on this topic and How this market works???

To: IngotWeTrust who wrote (13380)	6/18/1998 7:11:00 PM
From: William JH	Read Replies (1) \| Respond to of 116796

ole 49r - Thanks for taking the time and effort to explain the gold futures market. One thing you said hit the nail on the head: "This is a simplistic view of the futures market." I was taking a very simplistic view. Much vitriol has been directed at Mung (Munk?) of Barrick, and other execs who are responsible for mining companies selling forward. So I thought, if those forward sales by miners were the problem, why should they not just buy back all the contracts at a profit and go on from there. Of course I knew there had to be more to it than that. Best regards, WJH