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


To: Lee Lichterman III who wrote (45229)11/23/1999 7:11:00 AM
From: Giraffe  Read Replies (1) | Respond to of 116815
 
>>I thought the spike in Gold prices in September was due to the release that there would be less mass selling of gold by the banks.<<

Yes and no. The decision to not sell more gold was preceded by a British auction that was dramatically oversubscribed. The writing was already on the wall.



To: Lee Lichterman III who wrote (45229)11/23/1999 8:34:00 AM
From: Enigma  Read Replies (1) | Respond to of 116815
 
It will be if it is over subscribed like the last one - 8:1 - today's action - ahead of the auction is encouraging.