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Message: Re: the friday rout explained

Oct 11, 2008 09:11AM

Re: the friday rout explained

posted on Oct 12, 2008 08:12AM

an entity like barclays that leases (borrows) gold from a european central bank, and then sells it in the spot market for cash, driving the price down. they really have no hope of ever returning the borrowed gold except at much higher prices, so the transaction will likely be settled in cash.

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