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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.80+0.9%Nov 19 4:00 PM EST

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To: Alex who wrote (58342)9/19/2000 8:07:32 AM
From: lorne  Read Replies (1) of 116763
 
UPDATE 1-Gold market expects feeble UK bullion sale

" The significance of the UK auctions has been diminishing since the first sale last year, and some market players even question whether demand for the metal will be enough to cover the amount on offer, particularly if miners back away."

"If it's not covered -- which is a possibility -- then we've got a problem since we don't know what the provisions are and the price will slide several dollars. If it is covered, even if only just, we'll probably end the day with the price pretty much where it started."
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