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

To: long-gone who wrote (6688)	6/28/1999 7:52:00 PM
From: Tom Byron	Read Replies (1) \| Respond to of 82276

nope...don't do silver...leave that to mr buffett....:)

To: long-gone who wrote (6688)	6/28/1999 10:05:00 PM
From: jgibbs	Read Replies (1) \| Respond to of 82276

Some interesting data from today's Kaplan's site, especially his "rule of thumb" info: Monday's COMEX gold estimated volume was a moderately light 30,000 lots. Total COMEX gold open interest on Friday rose 3,228 to 210,470 contracts, demonstrating moderate commercial accumulation on a day when gold fell $1.60, which is typical. As a rule of thumb, two thousand contracts will be covered by short sellers for each dollar rise in the price of gold, while two thousand contracts will be accumulated by commercials for each dollar decline in the price of gold. An open interest this high when commercials are heavily net long has always signaled a major short-term rally. COMEX silver open interest gained 2,431 to 79,540 lots. COMEX gold warehouse stocks added 2,406 to 799,927 ounces, while COMEX silver warehouse stocks were unchanged at 73,468,869 ounces. goldminingoutlook.com