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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.07+0.7%Jan 16 4:00 PM EST
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To: Rarebird who wrote (39030)8/15/1999 9:17:00 AM
From: Enigma  Read Replies (1) of 116893
 
I agree - I can't remember what happened at the Treasury/or/and/IMF auctions in the late 70s, i.e. what pattern evolved - I do remember, however, that the auctions were massively oversubscribed at the market price, and the auctions had the opposite effect to what was intended. What I can't remember was whether the first auction had a similar effect to the first B. of E. one. d

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