they could easily increase their short term spot price by postponing some of the hedge fulfilment by a few months, bring forward more profit into the now at the expense of the following quarter. I dont really expect gold to be setting new highs until august onwards, it needs time to consolidate the recent run.. i expect we might see US 2200 or 2150 as a bottom maybe june or july
Ann: Quarterly Activities Report, page-107
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