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

To: long-gone who wrote (69572)	5/20/2001 3:10:04 AM
From: goldsheet	Respond to of 116895

> So why you figure the BoE is reducing the amount of the next sale from 25 - 20 tonnes? So they can do exactly what they said on 7 May 1999, reduce reserves from 715mt to around 300mt The 1999/2000 sales were 5 auctions of 25mt each = 125mt The 2000/2001 sales were 6 auctions of 25mt each = 150mt The 2001/2002 sales will be 6 auctions of 20mt each = 120mt Total sales will be 395mt, which will get them down to 320mt I guess they could have done another 6X25, which would have taken them down to 290mt (too low?)