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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (3691)	11/6/2001 7:50:06 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Not so. BOE auctions have shown less & less impact over the years. Early auctions had the most negative effect on the gold price. But the market has become more and more successful in smoothly absorbing the supply Auctions during the past 12 months have been strongly bid. Purchase offers commonly range from 3 to 4X the amount of gold offered by the BOE. Isopatch

To: rolatzi who wrote (3691)	11/7/2001 8:07:24 AM
From: Roebear	Respond to of 36161

rolatzi, RE BOE sales. Agree with isopatch and will add that not only are they having less negative effect, at times the sales have launched a nice gold rally. Nov 27 is the third last sale, only two more one each in January and March 02 with the specific dates as yet to be announced, last time I looked on the BOE website. Then it's Tic Toc "You're Empty" But don't forget that while the BOE has been selling with fanfare the Swiss have also been unloading 200 tons a year, quietly. An additional aspect is that yesterdays 1/2 point rate cut was throwing the throttles to the firewall on the dollar plane. The issue is still in doubt and will take some time to play out, but when they are ready, a measured increase in the gold price may indeed become their Golden Parachute. OOPSIE Mr GreenPress! PS Quite an interesting 60 minute spot gold chart overnight and last few days, there's some fighting going on in the trenches there! Best Regards, Roebear