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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: Alex who wrote (62942)	1/24/2001 8:47:59 PM
From: GST	Read Replies (2) of 116753

Alex -- I just don't get the whole auction -- who are the people who step up to the plate and buy 25 tons of gold -- or bid on it and not get it? Seriously. Do the bidders who collectively represent demand for another 100 tons just shrug it off and say "o well, I guess I won't buy any gold"? Why are they not in the spot market buying the gold? It is the same price -- why bother bidding in an auction at the market price? Signed -- seriously confused.

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