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To: Follies who wrote (20236)10/1/1998 11:54:00 AM
From: E. Charters  Read Replies (1) | Respond to of 116767
 
There are 29167 Troy ounces in a short ton, So 300 short tons is
8,750,100 ounces.

Tonnes mentioned by foreign banks may be metric tonnes of 1 million grams or 32151.34 ounces Troy. So that could be as many as 9,645,403 ounces.



To: Follies who wrote (20236)10/1/1998 1:05:00 PM
From: Zardoz  Respond to of 116767
 
Did you catch Greenspan comments. He said that LTCM was in a positive cashflow situtation. Maybe they were long gold stocks? And spread the reverse rumour? And let the market cause the "reverse Buffet effect". Did you know that it's easier to move the XAU by moving the Spot of Gold? Buy derivatives on producers, move the spot, and clean up.


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