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<p>[QUOTE="yakpoo, post: 1258834, member: 18157"][FONT=&amp]There are (normally) nine (9) London Fix prices (AM and PM) that are averaged from Thursday AM Fix through the following Wednesday AM Fix (the Wednesday PM Fix isn't used). There's a chart at the top for the <b><a href="http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf" rel="nofollow"><span style="color: blue">Price Guide</span></a></b> that outlines the Mint's decision making process on whether or not to raise or lower prices sooner. I believe <b>Criteria #7 </b>occurred and, being a Friday, probably thought a sales suspension was in order until they could sort everything out on Monday.</p><p> [/FONT]</p><p>The London Fix computation for last week was...</p><p><br /></p><p> [TABLE="class: MsoNormalTable, width: 674"]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><b><span style="color: black"><font face="Calibri">Date</font></span></b></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"][/TD]</p><p>[TD="width: 75"] <p style="text-align: center"><p style="text-align: center"><b><span style="color: black"><font face="Calibri">AM FIX</font></span></b></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"][/TD]</p><p>[TD="width: 75"] <p style="text-align: center"><p style="text-align: center"><b><span style="color: black"><font face="Calibri">PM FIX</font></span></b></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 140, colspan: 2"] <p style="text-align: center"><p style="text-align: center"><b><span style="color: black"><font face="Calibri">Running Average</font></span></b></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">9/2/2011</font></span></p> <p style="text-align: center"><br /></p></p> <p style="text-align: center"> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Fri AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: red"><font face="Calibri">1854.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Fri PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: red"><font face="Calibri">1875.25</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1830.17</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1841.44</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">9/1/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Thu AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1815.50</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Thu PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1821.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1815.50</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1818.25</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">8/31/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Wed AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1826.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Wed PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right">Not used </p> <p style="text-align: right"><br /></p></p> <p style="text-align: right"> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right">1780.36</p> <p style="text-align: right"><br /></p></p> <p style="text-align: right"> </p><p>[/TD]</p><p>[TD="width: 70"] Not Used</p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"]<p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">8/30/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Tue AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1791.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Tue PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1825.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1762.30</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1772.75</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">8/29/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Mon AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: center"><p style="text-align: center"><span style="color: red"><font face="Calibri">Closed</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Mon PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: center"><p style="text-align: center"><span style="color: red"><font face="Calibri">Closed</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"][/TD]</p><p>[TD="width: 70"][/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">8/26/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Fri AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1787.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Fri PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1788.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1744.17</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1755.13</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[TR]</p><p>[TD="width: 91"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">8/25/2011</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 81"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Thu AM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1716.50</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 87"] <p style="text-align: center"><p style="text-align: center"><span style="color: black"><font face="Calibri">Thu PM</font></span></p> <p style="text-align: center"><br /></p> </p><p>[/TD]</p><p>[TD="width: 75"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1729.00</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1716.50</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[TD="width: 70"] <p style="text-align: right"><p style="text-align: right"><span style="color: black"><font face="Calibri">1722.75</font></span></p> <p style="text-align: right"><br /></p> </p><p>[/TD]</p><p>[/TR]</p><p>[/TABLE]</p><p><br /></p><p><br /></p><p><b>[FONT=&amp]Note: [/FONT]</b>[FONT=&amp]Monday was the "Summer Bank Holiday" in England</p><p><br /></p><p>Gold had already gone up to the next tier on Thursday, 01Sep and by Friday the average was getting close to breaking a second tier (the PM price already had). The Mint suspended sales under these conditions once before and that's when they began posting their decision making process. That's my understanding, anyway.</p><p><br /></p><p><br /></p><p>[/FONT][/QUOTE]</p><p><br /></p>
[QUOTE="yakpoo, post: 1258834, member: 18157"][FONT=&]There are (normally) nine (9) London Fix prices (AM and PM) that are averaged from Thursday AM Fix through the following Wednesday AM Fix (the Wednesday PM Fix isn't used). There's a chart at the top for the [B][URL="http://catalog.usmint.gov/wcsstore/ConsumerDirect/images/catalog/en_US/GoldCoinGrid.pdf"][COLOR=blue]Price Guide[/COLOR][/URL][/B] that outlines the Mint's decision making process on whether or not to raise or lower prices sooner. I believe [B]Criteria #7 [/B]occurred and, being a Friday, probably thought a sales suspension was in order until they could sort everything out on Monday. [/FONT] The London Fix computation for last week was... [TABLE="class: MsoNormalTable, width: 674"] [TR] [TD="width: 91"] [CENTER][CENTER][B][COLOR=black][FONT=Calibri]Date[/FONT][/COLOR][/B] [/CENTER] [/CENTER] [/TD] [TD="width: 81"][/TD] [TD="width: 75"] [CENTER][CENTER][B][COLOR=black][FONT=Calibri]AM FIX[/FONT][/COLOR][/B] [/CENTER] [/CENTER] [/TD] [TD="width: 87"][/TD] [TD="width: 75"] [CENTER][CENTER][B][COLOR=black][FONT=Calibri]PM FIX[/FONT][/COLOR][/B] [/CENTER] [/CENTER] [/TD] [TD="width: 140, colspan: 2"] [CENTER][CENTER][B][COLOR=black][FONT=Calibri]Running Average[/FONT][/COLOR][/B] [/CENTER] [/CENTER] [/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]9/2/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Fri AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=red][FONT=Calibri]1854.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Fri PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=red][FONT=Calibri]1875.25[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1830.17[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1841.44[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]9/1/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Thu AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1815.50[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Thu PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1821.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1815.50[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1818.25[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]8/31/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Wed AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1826.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Wed PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT]Not used [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT]1780.36 [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] Not Used [/TD] [/TR] [TR] [TD="width: 91"][CENTER][CENTER][COLOR=black][FONT=Calibri]8/30/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Tue AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1791.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Tue PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1825.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1762.30[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1772.75[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]8/29/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Mon AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [CENTER][CENTER][COLOR=red][FONT=Calibri]Closed[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Mon PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [CENTER][CENTER][COLOR=red][FONT=Calibri]Closed[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 70"][/TD] [TD="width: 70"][/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]8/26/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Fri AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1787.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Fri PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1788.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1744.17[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1755.13[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [/TR] [TR] [TD="width: 91"] [CENTER][CENTER][COLOR=black][FONT=Calibri]8/25/2011[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 81"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Thu AM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1716.50[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 87"] [CENTER][CENTER][COLOR=black][FONT=Calibri]Thu PM[/FONT][/COLOR] [/CENTER] [/CENTER] [/TD] [TD="width: 75"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1729.00[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1716.50[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [TD="width: 70"] [RIGHT][RIGHT][COLOR=black][FONT=Calibri]1722.75[/FONT][/COLOR] [/RIGHT] [/RIGHT] [/TD] [/TR] [/TABLE] [B][FONT=&]Note: [/FONT][/B][FONT=&]Monday was the "Summer Bank Holiday" in England Gold had already gone up to the next tier on Thursday, 01Sep and by Friday the average was getting close to breaking a second tier (the PM price already had). The Mint suspended sales under these conditions once before and that's when they began posting their decision making process. That's my understanding, anyway. [/FONT][/QUOTE]
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