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Gold/Mining/Energy : Silver prices
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To: aknahow who wrote (7324)4/29/2006 12:55:42 PM
From: Louis V. Lambrecht  Read Replies (2) of 8010
 
Movements into and out of GLD usually have had a value of $50 million dollars and have been mostly around 3.1 tons or multiples of that.

Lessie: 3.1 tons @ 32 151 troy ounces/ ton = 99 668, might we say hundred tousend?
I need to check the prospectus, such a round number is suspect, and could be a provision of the ETF's management rules.

Fwiw, leave time to time: if the rules of the GLD are followed, warehouse stocks for the SLV will appear Monday, as per close of Friday on the Nymex site nymex.com
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