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


To: long-gone who wrote (45403)11/29/1999 9:11:00 PM
From: lorne  Read Replies (2) | Respond to of 116764
 
29 November 1999

HM Government Gold Auction Result: 29 November 1999

The Bank of England announces that the gold on offer (approximately 25 tonnes or 803,600 ounces) has been allotted in full at a price of $293.50 per ounce. Details of the result are as follows:

Amount of gold on offer (approx) 803,600 oz
Amount applied for 1,669,600 oz
Times covered 2.1 times
Amount allotted to bidders 804,000 oz
Allotment price $293.50
Scaling factor at allotment price 47.9496%
bankofengland.co.uk



To: long-gone who wrote (45403)11/29/1999 9:42:00 PM
From: Casaubon  Read Replies (1) | Respond to of 116764
 
J.P. Morgan Securities was the first to downgrade Plains Resources, which owns 54 percent of Plains All American, lowering its recommendation to
``market perform' from ``buy' shortly after the announcement.
Analyst Waqar Syed estimated that the oil trading losses would translate into an earnings
loss for the parent company of $86 million, or $2.76 a share.


LOL! What do you have to do to become a sell?! Anyone who follows "analysts" recommendations should just give their investment money to charity and take a tax write off.



To: long-gone who wrote (45403)11/29/1999 10:24:00 PM
From: PaulM  Respond to of 116764
 
Very interesting. More crony capitalism in action. EOM.