RE: Final results due? Part 1 of 229 May 2020 00:17
‘I am sorry PAUL1DEANO did not respond to your question regarding gold contracts‘
?
‘P1D referred to issues, without elaborating his concerns’
I think it’s rare anyone holds out for delivery on a futures contract to deliver, I’m assuming it is an institutional thing and why would they want physical delivering?
My concern has always been selling to the Istanbul refinery in lira and converting to dollars. I read somewhere Turkish holdings of US dollars are reducing. So what does this mean for Ariana if they struggle to convert the lira’s for dollars if they are not there?