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


To: goldsheet who wrote (7808)9/17/1999 5:08:00 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 81140
 
With gold prices at 20 year lows and below costs for many miners, the fact that production continues to rise is truly amazing. You would think these idiots would have learned something from recent cutbacks in oil, copper, and aluminum output.

This kind of thing only emboldens the shorts and rightly so. Dimes will get you dollars that the shorts would back off big time if the gold industry consolidated in a major way and cut production sharply.

But these guys would rather make the bullion banks rich than get together to help their own shareholders.



To: goldsheet who wrote (7808)9/17/1999 5:43:00 PM
From: Enigma  Respond to of 81140
 
When quoting these mine supply and hedging numbers - what should we be looking at on the demand side of the equation? - in other words is what we traditionally regard as demand up as much or more? I realise that the unknowns are CB sales and leasing for the gold carry trade - but I'm wondering how the traditional supply and demand figures stack up, ignoring these factors? d



To: goldsheet who wrote (7808)9/18/1999 5:01:00 AM
From: sea_urchin  Read Replies (1) | Respond to of 81140
 
Thanks Bob: Very confusing presentation in that article where they mix annual figures and annual forecasts with six monthly actual figures. Also confusing is that mining supply has risen 18% to be less than last year's!

Anyway, it's clear to me that mine hedging of 252 X 2 = 504 tonnes will be greater than official sales. One imagines with this amount of future production "already sold" the outlook must be bullish.