Gold Price Monitor Message Board

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.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.07

-1.7%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Murphy who wrote (36036)	6/28/1999 9:25:00 AM
From: Ken Benes	Read Replies (1) of 116741

Bill: I just saw Clinton on television commenting on paying off the entire national debt by 2015. He further went on about the direct benefits of the US having no debt, lower interest rates. It is no coincidence that this speech was made now. Controlling the price of gold is one leg of the global financial strategy. The other is controlling interest rates with a little jawboning. The significance of this, the rally you are looking for is not going to have legs. The stakes are too high. True the BOE may be embarrassed by the low price they will receive for the sale of their bullion, and GATA may be raising some interesting question. These events will be dwarfed by the maintenance of stability in the global markets. Gold will not move unless, the producers take a much more proactive role: closing 250 production and replacing it with cb gold. This past week Broken Hill closed some copper mines in the US and copper responded immediately to the upside. The same will occur for gold, and this policy will be an accelerant to pushing the shorts out of the market. Anything short will add more frustration to the gold market that will witness another failed rally. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next