Standard Mining, ( Formerly Quest International ) Message Board

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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )

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To: Robert J Mullenbach who wrote (111)	9/21/1999 1:36:00 PM
From: Robert J Mullenbach	Read Replies (1) of 462

Come on Zopilote, Damoti, it takes guts of a pack mule, to be in Gold. just look at this. usagold.com XXXXXXXXXXXXXXX UNREAL STUFF, XXXXXXXXXXXXX We have said on a couple of occasions here over the past two weeks that the dampening effect of the BOE auctions on the price of gold would wear off over time. It seems the BOE might agree. They are now saying, in their latest release, that they will auction 125 tons through March 2000 -- of which 50 is already out the door -- and will auction the remaining 290 tons "in future years." Correct me if I'm wrong -- but that appears to be a policy shift and a bit of waffling from the original BOE position of selling 25 tons of gold every other month until the total of 415 was driven from England's shores never to return again. That subtle shift, not lost on the world's gold traders, might explain the strong price advance in today's early going.

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