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Gold/Mining/Energy : Gold Price Monitor
GDXJ 129.79+4.6%4:00 PM EST

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To: Alex who wrote (53414)5/31/2000 3:16:00 PM
From: Hawkmoon  Read Replies (2) of 116958
 
the total global gold derivatives market is on the order of 26,000 to 28,000 tonnes, more than twice the higher estimates of the net short physical position, and almost as large as the stated gold reserves of all the world's central banks put together.

Don't we need to split those figures in half assuming that there are both long and short positions on either side of each derivative??

For every buyer there has to be a seller... the issue solely concerns the price at which the transactions occur.

Regards,

Ron
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