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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Alex who wrote (33829)	5/14/1999 6:32:00 AM
From: John Hunt	Read Replies (1) of 116782

Lies, More Lies and Plain Old B.S. (Is the LBMA in trouble?) Professor von Braun, The Rocket School of Economics << We have made mention before of the discrepancy between the supply and demand numbers for gold published by Goldfields Mineral Services (GFMS) and the published turnover on the London Bullion and Metals exchange (LBMA). This "difference" is huge. Even though this turnover dropped to 27 million ounces per day according to recent announcements, this number still amounts to 900 tonnes per day. The entire worlds known above ground gold reserves are traded two and one half times per year (????) Yet the supply /demand numbers are estimated at 4000 tonnes on the demand side and 2600 tonnes on the supply side per annum. -- cont'd -- >> gold-eagle.com

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