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 120.19

-1.4%

Jan 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (35134)	6/11/1999 11:15:00 AM
From: Ken Benes	of 116844

Jim: I think a new line in the sand has been drawn at the 260.00 level. I believe the bankers will do anything and everything to keep gold below this level for two very important reasons: first to curb the demand for gold coins as we run up to y2k, secondly, with the nervousness over inflation, it is imperative that gold continue to decline as a palliative to the bond market that seems to want to rise as of late. Should the rise in rates continue, the specter of a derivative problem becomes more imminent, along with its corresponding challenge to the dollar. These are the ingredients that will pop the equity bubble and cause indetermineable problems. Gold is carrying a bigger load than ever making a tradeable rally difficult. However, the pressures are building and at some point, things will get interesting. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next