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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.99+0.3%4:00 PM EST

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To: GST who wrote (62941)1/24/2001 7:28:12 PM
From: Alex  Read Replies (1) of 116753
 
Hmmmmmm.........

Post-BOE gold auction technical bounce doesn't signal new trend
London--Jan. 23--The results of the Bank of England's 10th 25-tonne gold
auction has pushed gold prices to 11-day highs in its wake. With a realized
price above the morning fix, and the second-highest coverage ratio to date,
many dealers heralded the auction a success. However, prices have since turned
lower again, and questions still linger over whether the demand actually
indicated consumer interest, or merely speculative "position-shuffling."

( Story .11876 )

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Yeah. That's it. Position-shuffling. Yeah.
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