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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Alex who wrote (47330)	1/21/2000 8:52:00 AM
From: Enigma	Read Replies (1) of 116764

Auction - I think we tend to forget that the people involved in the auction are the same ones that trade gold every day - so they have a good idea as the auction approaches how things are looking. If I recall it correctly the price fell off at the eleventh hour as it became clear that the bids weren't going to be strong - the prices fell off in overnight trading I seem to remember. At the moment it looks as if the auction price will be around $287 spot - but we could get a movement up or down pre-auction as the players assess the situation.

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