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

To: sea_urchin who wrote (7479)	8/28/1999 5:09:00 PM
From: kimberley	Respond to of 81234

thanks, searle... that link should be informative. i'll ask bob, also. best, kim

To: sea_urchin who wrote (7479)	8/28/1999 6:20:00 PM
From: kimberley	Read Replies (4) \| Respond to of 81234

Searle, 1 tonne = 32,150oz.??? assuming so, there is still a serious shortfall assuming demand is 3000 tonne yr. (and that is very conservative, as demand last quarter was 810 tonnes, according to gold council figures.) that would put demand at 96mm oz/yr... does anyone know what production was last year? think it's time for Bob and CC to do their thing with this! best, kim

To: sea_urchin who wrote (7479)	8/29/1999 3:10:00 PM
From: goldsheet	Respond to of 81234

> In fact, we should ask him to plot a graph of total demand, > including CB sales, on his graph of mine production. I finished all of the primary mine production stats back to 1970, and I would like to add all of the other sources to get total demand numbers, then start working on the supply side stats. I have some of the raw data on the production page, it's just not finished. goldsheet.simplenet.com Found two interesting articles: Central Bank Gold Sales: Cause or Effect? blanchardonline.com Putting Central Bank Sales Into Perspective blanchardonline.com The first says the central bank gold sales are symptom of market conditions, not the cause. Gold gets sold when the $US is strong, which just happens to correspond to weak gold prices - no conspiracy. The second put gold sales in perspective, they are very small in a big gold market, much ado about nothing. I tend to agree with both articles.