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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (36533)	7/5/1999 9:15:00 AM
From: lorne	Read Replies (1) \| Respond to of 116753

BRIDGE ALERT:GOLD AWAITS OUTCOME OF BID TO BLOCK BOE SALES London--1134 GMT--Jul 5--Gold and related currencies are waiting for the outcome of a High Court action being taken by a UK jeweler against the BOE's planned gold auctions, due to start Tue. The jeweler, Kim Rose of Eclipse Jewelers in Southampton, is reportedly trying to take out an injuction vs the UK govt, arguing that the gold sales would further depress the price of the metal. (Story .999) METALS COMMITMENTS ANALYSIS: GOLD SPEC SHORTS STILL DOMINATE New York--Jul 2--Today's Commodity Futures Trading Commission commitment of traders report showed huge gold speculative short positions have seen little decrease up to and including Tuesday's trading session. Traders said the overwhelming number of speculative shorts set the stage for a short-covering rally after the UK Treasury's first gold auction at around 0715 ET Tuesday. (Story .19047) crbindex.com