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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: GST who wrote (35340)6/14/1999 10:25:00 AM
From: ForYourEyesOnly  Respond to of 116756
 
I'd certainly like to see you and the rest of us get lucky!

Roll the dice.....

Cheers!

THC



To: GST who wrote (35340)6/14/1999 10:31:00 AM
From: mark warburton  Read Replies (1) | Respond to of 116756
 
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.