and I guess it should be no surprise that they do not match with GFMS press release, do not indicate the POG, etc..., so one has to back into the tonnes...
It's possible some of this variance could be caused by "net of a coin purchase" difference between your numbers of 19M tonnes vs GFMS 12M 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, reflecting the net result not just of sales under the CBGA but also of a coin purchase."
Really do appreciate these links Louis, the ball is now in my court, and I will attempt to reconcile these weekly ECB reports to official Central Bank sales as reported by GFMS... or some variation thereof... These weekly ECB reports appear to be reports of central bank gold sales so these should be quite useful in determining whether a large sale was made this week or not when actually reported on Oct 25 for the week ending Oct 21st.
Looks like I have plenty of work ahead of me thanks to you!! Will post if and when I get it reasonably figured out... Let me know how much your fee is so I can send you an offsetting invoice... THANKS!
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.