InvestorsHub Logo
Followers 35
Posts 3249
Boards Moderated 4
Alias Born 12/18/2002

Re: lvlamb post# 14463

Wednesday, 10/19/2005 6:03:42 PM

Wednesday, October 19, 2005 6:03:42 PM

Post# of 19037
Am obviously NOT making myself clear...

Desire data for this fiscal year (Sept 27, 2005 thru Sept 27, 2006) and not last year.

Do NOT care whatsoever about last year (Sept 27, 2004 thru Sept 27, 2005).

Would appreciate if you or anyone else would post any current central bank sales for all sales after Sept 27, 2005.

From reading the GFMS report dated Oct 17th, the gold tonnes sold by central banks for THIS FISCAL YEAR is 12 tonnes:
"The first two reports from the European Central Bank for this new year in the second CBGA suggest sales over the fortnight of just over twelve tonnes" (see page 6)
http://www.gfms.co.uk/Publications%20Samples/PMMB_Upd_Oct17.pdf

Thus, as previously posted, central bank sales (2.4%) appear to be running behind their monthly quota (4.1%) for THIS FISCAL YEAR.
12 tonnes divide by 500 tonnes for year = 2.4%
1/2 month expired divide by 12 months = 4.1% (20.83M tonnes pro-rata)

Louis, please do not confuse me with the facts or past history, I asked you for this data because you know 10 times more about the details and intricacies of the gold market than me, and I sincerely appreciate your replies.

FWIW, I believe we have seen central bank sales this week. If sales were 30M tonnes this week, then central banks have sold only in line with monthly plan of 41.6M tonnes (12M tonnes per GFMS + 30 = 42M). If we learn that gold sales this week were 50M tonnes, this would be bullish since central banks are exceeding their monthly pro-rata quota and the POG absorbed this with just a $15 dollar price drop. Thus, I am interested in any website link or post from anyone who learns that a central bankdid in fact sell this week...

Thanks again for your posts!


Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.