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

To: long-gone who wrote (73248)	7/11/2001 8:38:41 AM
From: ldo79	Read Replies (2) \| Respond to of 116759

Any comments how the following will play today? "News Release - HM Government Gold Auction Result: 11 July 2001 11 July 2001 The Bank of England announces that the gold on offer (approximately 20 tonnes or 643,200 ounces) has been allotted in full at a price of $267.25 per ounce. Details of the result are as follows: Amount of gold on offer (approx.) 643,200 oz Amount applied for 2,610,400 oz Times covered 4.1 times Amount allotted to bidders 643,600 oz Allotment price $267.25 Scaling factor at allotment price 48.2353% All accepted bids which were made at prices above the allotment price have been allotted in full at the allotment price. Valid bids made at the allotment price have been allotted an amount of gold equal to the amount bid for multiplied by the above scaling factor and rounded up to the nearest 400 ounces. By close of business in London today, applicants whose bids have been successful in whole or in part will be notified by the Bank of England of the exact weight of the gold bars allotted to them and the amount payable in respect of their purchase. Payment must be made in US dollars to the Bank of England’s account at the Federal Reserve Bank of New York, no later than 12 noon New York time on 13 July 2001." ------------------------- Regards, ldo79