Replies to post #36004 on iShares Silver Trust (SLV)

[AlwaysRed]

I am sorry I was wrong about some gold futures numbers in the post I am replying to.

There are not 5000 ounces of GLD per futures contract there are only 100. There are 5000 per SLV contract. NOT gold. My bad.

So the amended numbers dumped into the market yesterday are as follows:

412,107 X 100 = 41,210,700
41,210,700 X $2069 = $85,264,938,300

So NOT 4 trillion dollars worth of GLD dumped into the market. My bad. It was "Only" 85 BILLION.

Give it some time. It will be 4 trillion someday. lol

Sorry guys. But I caught my mistake.