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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (19869)10/13/2004 9:07:25 AM
From: jimsioi  Read Replies (1) of 110194
 
If my math is correct above ground stocks = about 13K contracts

155,ooo tonnes times 2200 pounds per ton = 341 million pounds

Such an amount divided by 25,000 pounds per Comex contract equals 13640 contracts....OVer 100,OOO contracts outstanding...Hmm...
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