SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Enigma who wrote (36642)7/6/1999 11:49:00 AM
From: JR.  Read Replies (1) | Respond to of 116756
 
Not only will more gold mines close but also copper mines that produce gold as a by-product. How's the British pound holding up after making all that profit selling their gold?

Cheers,

JR.



To: Enigma who wrote (36642)7/6/1999 11:55:00 AM
From: Jim S  Read Replies (1) | Respond to of 116756
 
Sorry, 2D, I still don't understand. It was my understanding that a given bid price would be accepted for the entire batch on the block, and all bids OVER that price would get their bids filled at the accepted price. So, if the entire amount sold at 261 and change, those who underbid would not be filled.

So, did those who bought at 261 decide to sell their new positions at a loss? Did the large sale fill all the bids for gold, so nobody wants to buy anymore? It just doesn't make sense to me.

jim