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Gold/Mining/Energy : Gold Price Monitor
GDXJ 99.85+6.2%Nov 24 4:00 PM EST

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To: long-gone who wrote (45403)11/29/1999 9:11:00 PM
From: lorne  Read Replies (2) of 116764
 
29 November 1999

HM Government Gold Auction Result: 29 November 1999

The Bank of England announces that the gold on offer (approximately 25 tonnes or 803,600 ounces) has been allotted in full at a price of $293.50 per ounce. Details of the result are as follows:

Amount of gold on offer (approx) 803,600 oz
Amount applied for 1,669,600 oz
Times covered 2.1 times
Amount allotted to bidders 804,000 oz
Allotment price $293.50
Scaling factor at allotment price 47.9496%
bankofengland.co.uk
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