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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Alex who wrote (33490)	5/9/1999 2:09:00 AM
From: PaulM	Read Replies (1) of 116764

May 7, 1999 - Official Press Release, UK Gold Auctions "In the interests of efficiency and security in the bidding process, it is the Bank's current intention that the circle of eligible bidders will comprise members of the London Bullion Market Association (LBMA), including both market makers and ordinary members, and central banks and monetary institutions holding gold accounts at the Bank of England...." "....Payment will be in US dollars to the Bank of England's account at the Federal Reserve Bank of New York two business days after the auction has closed....[the] preferred approach will be to credit the allotted gold bars to gold accounts held with the Bank of England. Physical collection from the Bank of England in London will also be possible." bankofengland.co.uk

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