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To: Hawkmoon who wrote (27385)1/30/1999 11:36:00 PM
From: Francis R. Biscan Jr.  Read Replies (1) | Respond to of 116762
 
Hi Ron,

>>But I would like to know about whether it is 3,000 tonnes or 8 -14,000 tonnes.<<

I think Bill is just talking about the short speculator position, such as traders when he is referring to 3,000 tonnes. I still think that overall the number he is using is 8,000 to 14,000.

Rich



To: Hawkmoon who wrote (27385)1/31/1999 7:52:00 AM
From: Bill Murphy  Respond to of 116762
 
Ron,
We think the total gold loans are at least 8,000 tonnes, but that the spec gold loan borrowings are at least 3,000 tonnes of that.

Bill


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