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To: Gord Bolton who wrote (27169)1/27/1999 2:06:00 PM
From: Zardoz  Respond to of 116915
 
It's the US cash inflows that is causing the POG to fall. If I seen it days ago, then surely those more in tune seen it, and moved in on it. Just look at the US dollar index, or the Euro/YEN:
quotes.reuters.com



To: Gord Bolton who wrote (27169)1/27/1999 3:34:00 PM
From: Enigma  Respond to of 116915
 
Gord - I just don't think ABX has gold to sell in the way you mention -production from the mines is sold on a routine basis into the spot market, and the forward contracts are bought back - this must happen on a regular, periodic, basis irrespective of the price. dd