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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.28+3.8%Nov 28 4:00 PM EST

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To: lorne who wrote (36776)7/7/1999 1:47:00 PM
From: Alex  Read Replies (1) of 116790
 
<<''Last night's price response sets the tone for the next several sales,'' he said.

''The BoE sale demonstrates that a transparent gold disposal program can be just as price destructive. The oversubscription most probably simply reflected speculative under-bidding on the price, rather than strong underlying demand, a point emphasised by the subsequent price fall.

''Future sellers will now likely revert to the earlier strategy of 'sell first, announce later', adding further uncertainty to the market.''>>

theage.com.au
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