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To: Gord Bolton who wrote (79616)	11/27/2001 9:25:34 AM
From: long-gone	Respond to of 116752

Here it is - 2.6X: (educational posting) BoE sells 20 tonnes of gold at 273.50 usd/oz -------------------------------------------------------------------------------- Story Filed: Tuesday, November 27, 2001 8:11 AM EST LONDON, Nov 27, 2001 (AFX-UK via COMTEX) -- The Bank of England said it sold 20 tonnes of gold at a price of 273.50 usd per ounce, raising a total of 175.9 mln usd (125 mln stg). The Bank said its auction was 2.6 times subscribed. Today's was the fourth of six planned auctions following March's announcement by the UK Treasury that it intends to sell 150 tonnes of its gold holdings during financial year 2000/01. Gold fell back in the wake of the announcement, trading at 273.15 usd/oz at 1.05 pm from 273.85 previously. hc/ak NNN Copyright 2001. AFX News Ltd. All rights reserved. library.northernlight.com

To: Gord Bolton who wrote (79616)	11/28/2001 6:37:52 PM
From: long-gone	Respond to of 116752

Update (Educational repost) Shanghai Gold Exchange starts mock operations -------------------------------------------------------------------------------- Story Filed: Wednesday, November 28, 2001 5:47 PM EST HONG KONG, Nov 28, 2001 (AFX-Asia via COMTEX) -- China's first gold exchange, the Shanghai Gold Exchange, started mock operations yesterday, the Xinhua news agency reported in a despatch from Shanghai. It quoted local sources as saying that the official launch is expected at the beginning of next year. The gold exchange, which will mainly target gold producers and wholesalers, is expected to introduce market prices to the country's gold trade, with the central bank gradually withdrawing from its monopoly position, it said. The exchange currently has 108 members, mainly including gold mining companies, smelteries, jewelry companies, mints, foreign traders, and commercial banks, it said. It said only spot transactions are being conducted during the exchange's initial days of operation. Futures trading is to be introduced when the market becomes more mature. rc/ Copyright 2001. AFX News Ltd. All rights reserved. KEYWORD: China INDUSTRY KEYWORD: Metals and Mining SUBJECT CODE: Gold and Precious Metals Copyright © 2001, AFX News - Asia, all rights reserved library.northernlight.com