Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: rolatzi who wrote (9477)	3/16/2002 1:56:46 PM
From: Square_Dealings	Read Replies (2) of 36161

Is this right? Open interest on Apr gold is 72,473 contracts (7,247,300 oz.) There are 1,281,128 oz. in Comex warehouse. Open interest in May silver is 45,682 contracts (228,410,000 oz.) There are 102,786,158 oz. silver in Comex warehouse. It appears that gold and silver are being withdrawn from Comex warehouse stocks as of Friday. Am I reading this right that gold is 6 X oversubscribed and silver is 2 X oversubscribed based on warehouse stocks? If this is right then the commercials are going to have to come up with a lot of gold and silver to meet deliveries between now and then if longs dont budge. M.

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