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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Hartenbower who wrote (26568)11/15/1997 9:03:00 PM
From: GOLDIGER  Read Replies (1) | Respond to of 35569
 
Joe,

You might be right. What's your take on this story. It sounds like we have all been lied to.

New York-Nov. 14-FWN--THE COMEX DIVISION OF NYMEX TODAY
reported that Swiss Bank Corp., who will cease to act as
a Licensed Depoistory for the storage of gold and silver
deliverable against COMEX's gold and silver futures
contracts on Nov. 21, 1997, has informed the exchange that
Swiss Bank has been incorrectly reporting the amount of gold
and silver eligible for delivery against the respective
contracts.
Due to an error in reporting stocks, the Metal
Warehouse Statistics from the close of business on Nov. 13
incorrectly showed a total of 3,811,872 troy ounces of
silver and 75,284 troy ounces of gold at Swiss Bank Corp.
The actual total was 335,203 troy ounces of silver and
43,696 troy ounces of gold.
Today's inventory report, dated Nov. 14, 1997,
correctly reflects the transfer of all Swiss Bank Corp. gold
and silver inventories to Republic National Bank.

11/14/97 17:07:59

GOLDIGER.