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

To: ELP who wrote (38415)	8/5/1999 5:04:00 PM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116774

to add to the question what happens when a huge gorilla has threatened in past to dump 10 years of supply onto the market

To: ELP who wrote (38415)	8/5/1999 5:08:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116774

Nobody knows how much has been sold short. But estimates I have seen range from 5000 tons to 14,000 tons

To: ELP who wrote (38415)	8/5/1999 8:41:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116774

Of course, there is no way to verify the overall short position, and one can only estimate consumption based on history. The overall mine production in years is also somewhat variable. PRESS RELEASE - 20 May 1999 (not before 3 pm London time) Recovery in gold demand continues Gold demand in the first quarter of 1999 was 62% above the opening three months of last year, continuing the recovery from the poor start to 1998. First quarter demand in the countries monitored by the World Gold Council was 788 tonnes, just a fraction lower than the record for the first quarter set in 1997, and just 2% below the all-time record for any three-month period set during the fourth quarter of last year.(cont) gold.org (note, demand is, in the norm, far heavier in the 2nd half of the year) Hope this helps