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amarksp

10/25/05 12:13 AM

#14561 RE: lvlamb #14560

I'm wondering if some of this short position may be oil, natgas, copper, silver, sugar, etc. rather than securities...
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amarksp

10/25/05 9:30 AM

#14562 RE: lvlamb #14560

ECB gold sales
http://www.ecb.int/press/pr/wfs/2005/html/fs051025.en.html
"In the week ending 21 October 2005, the decrease of EUR 112 million in gold and gold receivables (asset item 1) reflected sales of gold by two Eurosystem central banks (consistent with the Central Bank Gold Agreement of 27 September 2004)."

not as much gold sold by central banks as I thought, about 8.91 tonnes vs. 9.62 tonnes expected each week (500 tonnes divided by 52 weeks).

YTD 28M tonnes actually sold vs. 38.4M tonnes expected.