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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (9634)8/12/2000 10:32:05 AM
From: Enigma  Read Replies (1) of 81904
 
A simpler explanation would be that the players in the London gold market are disgusted by the B of E's tactics and are simply boycotting the auction - or at least submitting minimum bids. Notice how the price rises before the auction, falls after, and picks up again. You'd think the price would tank after the auctions - given the bids - but it doesn't.
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