Say It Ain't So!!
>>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. <<
You been talking to the Central Bank Of Granada , haven't you?
But FYI...this gleaned from news release earlier in the week.............
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Gold's market deficit would drop to 400 tonnes in 1998, 600 tonnes down on a year previously, NM Rothschild Director Robert Guy said in a speech to a bullion seminar.
The deficit, defined as the gap between jewellery maker and bar hoarder demand versus supply from mines and scrap gold sales, had narrowed due to Asia's financial crisis, Guy said.
''With the dishoarding all but over, the deficit, pre-official sales and mine hedging, could widen to around 1,000 tonnes again in 1999 and, depending on how low the price stays, further thereafter,'' he added.
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So There. |
