Bema(Bgo) and Arizona Star Message Board

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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: IngotWeTrust who wrote (8587)	11/28/1997 11:27:00 AM
From: Ken Benes	Read Replies (4) of 10482

Ole 49R: Thanks for the info. Today I was watching the action of the senior golds and looks like some of them are getting ready to disappear from the radar screen. PGU looks to be a dead in the water, and ECO looks like it is getting ready to implode. There is no doubt there is going to be a sizeable reduction in the amount of gold produced on an annual basis. It will be interesting to see what happens on the demand side. The latest commentary suggests that demand out of Asia is tanking, yet, year over year the demand has accelerated by 11%. Somebody is buying the stuff. About a week ago I asked you how many ounces of gold are in a tonne. I am trying to update my spreadsheet on how much gold is left to be lent out by the CB's and if my numbers validate Veresco's, that their is not enough left to cover the outstanding short position. I am fighting off a bad cold/flu, so I am going to sign off. Ken

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