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To: Glenn D. Rudolph who wrote (116085)	1/23/2001 8:20:29 PM
From: GST	3 Recommendations Respond to of 164687

The Bank of England is selling 150 tons of gold -- pretty much tapes it out. Today they sold 25 tons at 268. The "auction" was five times over-subscribed -- at $268 there was demand for 125 tons. This is likely the end of central bank selling. It was reported yesterday that in traders commitments that the commercials have piled up a huge short-position again. With central bank sales pretty much done, with annual production well below demand, with mine shut downs and consolidation and with a large short position in the market (a short position equal to several years of mine production), the bear market for gold might come to end -- anybody waiting for that event takes a lot more patience than a buy and hold investor in yahoo :)