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

To: Gary H who wrote (65576)	3/13/2001 3:20:20 PM
From: russwinter	Respond to of 116815

<lease rates back off> Looks like all those pigs feeding at the empty trough found some half eaten kernals to tide them over.

To: Gary H who wrote (65576)	3/13/2001 3:21:13 PM
From: long-gone	Respond to of 116815

<<Lease rates have dropped off.>> Still far above numbers seen two months ago.

To: Gary H who wrote (65576)	3/13/2001 5:01:40 PM
From: Machaon	Respond to of 116815

<< Lease rates have dropped off. >> Lease rates go up when gold is in short supply. BOE is dumping 20 tons of gold on the market tomorrow, so I would guess that is the reason for the move down in the rates, and in the price of gold. So, BOE dumps it's gold at even a lower price tomorrow. What will happen after that will depend, somewhat, upon how many tons are actually requested by bidders, reflecting the actual demand for gold and it's current shortage, if there is one. Weak demand at the BOE auction could put a damper on the current gold rally, IMHO.