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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: Al Cern who wrote (23229)11/20/1998 7:26:00 PM
From: Zardoz  Read Replies (4) of 116759
 
"The article you posted alluded to that in fact happening. The value of the shortfall, 14000 tons, mentioned in the same article is about $4.4 Billion at todays prices, so we have a long way to go yet."

If you are talking about the short position on Gold, than as I said before, and someone posted in an article. The shortfall of 14,000 Tons is UN-important. Many of these CB would rather have the US Dollars, or yielding assets instead of the gold.

But if you are only talking about the shortfall between production and supply, I speculate that much of that shortfall is systemic of the definition of short position, and CB selling. I also suggest that a VERY large supply of gold will soon be on it's way, that will make the previous CB selling loom small.
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