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.

Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (11349)	5/15/2001 3:28:57 PM
From: John Pitera	Read Replies (1) \| Respond to of 15481

Bank of England Gold auction 3.7 times oversubscribed The Bank of England held their scheduled auction of 20 tonnes of gold or 643,200 ounces at $268.00 per troy ounce, about as expected. The sale was 3.7 times oversubscribed. The auction attracted bids totaling 2,387,200 ounces. The Bank of England indicated that the next sale would be July 11. There are auctions expected in September, November and January 2002 and March 2002. The silver is called to open 1 lower. In yesterday's session the July was 2 better at 435.7 with volume estimated at 3,500 futures and 1,000 options. The silver has been trading roughly in line with the gold and if the dollar cane weaken it is expected that the silver can move somewhat higher. The platinum was 1.3 lower yesterday basis the July at 606.50 while the June palladium sank 29.00 to 627.00. The premium the palladium held to the platinum is coming in quickly. Johnson Matthey reported that platinum prices will remain stable at $550-$625 per ounce in 2001. Mine production was expected to increase with rising demand in the automotive sector. They indicated that palladium prices will be steady at $550 to $750 per ounce. That price range was dependent on an increase in official sector Russian exports.