21.   They borrow gold on the forward market, to defend themselves against the big swings in the price of gold and to sell their production in advance.

22.   Prices had shot up previously, influenced by exorbitant lease rates in the forward market.

23.   Producers who no longer enjoyed this protection from increased production costs decided to cover themselves by offering their production on the forward market.

24.   Recently, South African producers have increased their levels of borrowing enormously and have placed increased volumes on the forward market.

25.   Some experts showed concern over the forward market for the metal.

26.   The dealer said the Bank of Thailand should also be more active in the forward market and bring interbank rates back down to reasonable levels.

27.   The forward market firmed up with hefty Chinese purchases and the prospect of a slowdown in South East Asian production.

28.   The gold market regained its calm after the sharp rally of the past two weeks provoked by exorbitant lease rates in the forward market.