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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (6326)	6/14/1999 8:11:00 PM
From: d:oug	Read Replies (1) \| Respond to of 81122

Ron The Robot, as a non-life form you have added quite abit of life to this thread. On the Gold Price MOnitor thread its like all that happens there is that threaders post posts without ever getting replies that address their posts. Maby that thread can be renamed, as follows: In One Ear And Out The Other, With Little Or No Resistence But good posts are there, but no good replies, so maby you can explore some of these here with life and vigor only Ron The Robot can supply. +++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Richard Mazzarella From: Char Monday, Jun 14 Richard, I don't have the answer to you question but this site has lots of interesting stuff and tells the current gold holdings of all the central banks. gold.org gold.org Actually it does have a good report on world demand which was 787.6 tons last quarter. gold.org Interesting article. Maybe the US doesn't have any gold left. fgmr.com Char +++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: GST From: mark warburton Monday, Jun 14 In summing up the current gold situation could someone correct my numbers if they are wrong. This years gold demand 4000 tons this years gold production 2500 tons central bank sales UK 300 tons IMF 300 tons Swiss 100 tons Market shorts 4000 tons? Total net sellers theoretically 3200 tons Total net buyers 8000 tons. Seems to be a slight imbalance. If the shorts do not cover you still will have net buying of 800 tons or 3 tons per trading day in excess of supply. I must be missing something. Please fill me in. +++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Bill Murphy From: Ron Everest Monday, Jun 14 Bill I am interested to know if anyone has done an indepth analysis as to the characteristics of/and total gold sold forward? There is continuous inferences that there are significant naked shorts out there of substantial amounts. Like up to 10,000 tonnes. It would appear to me that the majority of the forward sales involve covered positions ie: - Central Banks loan gold to Gold Banks - Gold Banks sell the gold and owe lease rate to the Central Banks and the deals have a specific time when the gold must be returned - Producers commit with Gold Banks for their future production at times which match the times when the Gold Banks must return the gold borrowed from the Central Banks. - There appear to be wild card terms and conditions which allow the producer to cancel with penalties or defer. My assumption is that these conditions will flow back to the Central Banks. There are persistent rumors that the total sold forward or short are in the 3,000 to 10,000 tonne range. What portion of these are forward sales with agreements for future production from producers? Is this thinking accurate or? There are other rumors that the US can't withstand a gold audit as the gold may simply not be there. I am wondering if the US is also playing the strategy of forward selling and covering of risk by contracting future production. Frankly, there is so much bs about these things that it is difficult to form an accurate opinion. The notion that shorts will have to cover en masse is bogus IMO. Can you refute that thought? Does GATA have any numbers on this? Best regards, Goldnerd +++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Char From: Richard Harmon Monday, Jun 14 A Y2KNEWSWIRE.COM exclusive feature: Y2K programmers are not only starting to reveal the Y2K cover-up, they're also taking action. Y2KNEWSWIRE documents the inside word on Y2K projects and the newly-discovered trend of increased food purchases by Y2K programmers. What do these people know that the general public doesn't? The truth, it seems... Read it yourself at: y2knewswire.com +++++++++++++++++++++++++++++++++++++++++++++++++++++++ Ron, 4 star General Hutch sent you a post and I have no idea if he is agreeing with you or came for battle. Would be nice if you two disagreed so that GATA followers could see a destructive distillation occure. +++++++++++++++++++++++++++++++++++++++++++++++++++++++ To: Ron Reece From: Hutch Monday, Jun 14 The US dollar is sound because............ Is this why the BOJ ......... +++++++++++++++++++++++++++++++++++++++++++++++++++++++ Doug