Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (102467)	5/15/2001 8:18:21 PM
From: John Pitera	Read Replies (2) of 436258

the English just keep coming with these BoE sales don't they, are they ever going to run out ??-g- : The Bank of England indicated that the next sale would be July 11. There are auctions expected in September, November and January 2002 and March 2002. The silver is called to open 1 lower. In yesterday's session the July was 2 better at 435.7 with volume estimated at 3,500 futures and 1,000 options. The silver has been trading roughly in line with the gold and if the dollar cane weaken it is expected that the silver can move somewhat higher. The platinum was 1.3 lower yesterday basis the July at 606.50 while the June palladium sank 29.00 to 627.00. The premium the palladium held to the platinum is coming in quickly. Johnson Matthey reported that platinum prices will remain stable at $550-$625 per ounce in 2001. Mine production was expected to increase with rising demand in the automotive sector. They indicated that palladium prices will be steady at $550 to $750 per ounce. That price range was dependent on an increase in official sector Russian exports.

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