GOLD-XAU Message Board - Msg: 3120362

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GOLD-XAU

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Abner Hosmer who wrote (1057)	1/8/1998 1:13:00 AM
From: IngotWeTrust	Read Replies (1) of 1756

What I believe the futures mkt has discounted is a 5% gold reserves, and a 10% would be "considered" friendly and therefore might encourage pro shorters to begin lifting hedges a little quicker. To think that the % might be even closer to 20% is indeed supportive and why I was yeeeeehawin'... Yes, I saw the gold AND gross dollar reserves, but do some algebra/trig/calculus, or something... The facts we know are: existing NBB gold in tonnes... returned gold from EMI reserves and 20% number equals a+b... a=gold b=dollars 203 tons were off=loaded in 96...in order to get back the 40.xyz returned from EMI Now let me know what % you come up with... I'm no algebra gee-whiz...I always left that up to the guys in my class(grin) Looking forward to your best guesstimate reply.... O/49r

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next