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

To: Enigma who wrote (36600)	7/6/1999 8:05:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 116756

Britain sells 25 tonnes gold at $261.20 per ounce << The auction, the first in a series intended to cut reserves from 715 tonnes to 300 tonnes in the next few years, attracted bids for 4,174,400 ounces, 5.2 times the amount on offer. All bids above $261.20 were accepted in full, while those at $261.20 were allotted at 91.8295 percent, rounded up to the nearest 400 ounces. Thus, the BoE said, 804,000 ounces were allotted to bidders, some 400 ounces above the 803,600 ounces on offer. >> abcnews.go.com A few more details on the sale.