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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (16310)11/19/2004 6:27:54 PM
From: Taikun  Read Replies (1) | Respond to of 116555
 
From 8.08 tons at yesterday's close (260,000 oz) now 1.32m ounces (40 tons)

If today's pace continued for a year (ie 30 tons x 250 trading days) 7500 tons, which would severely strain demand.

Perhaps the increase was due to the launch and Greenspan's comments, but I think this is only the beginnig.

I will never buy it, though, nor the Auzzie, Canadian or UK gold ETFs. Too easy to be confiscated, converted to cash.