Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: goldsheet who wrote (47347)	1/21/2000 6:22:00 PM
From: Ken Benes	Read Replies (2) \| Respond to of 116764

Bob: You have to admit that the method chosen by the BOE to sell off 300 tonnes of gold is unique. It does have a theatrical flair to it designed to draw attention to a cb sale over a protracted period of time. The BOE could have very easily sold the entire amount in a traditional manner over the past six months at a higher price. The announcement by the BOE instigated the breakdown in the POG below 290.00 and the repetitive nature of the 25 tonne sales is facilitating gold trading in a range below 300. It is easier to speculate why a consortium of cb's find it in their interest for gold to trade below 300.00 rather than speculate whether their is a covert effort to drive the price of gold down. Ken