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 94.04

+0.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hawkmoon who wrote (38519)	8/7/1999 2:25:00 AM
From: Rarebird	Read Replies (1) of 116764

Sure, the bulls just assume that if a problem does develop the Fed will simply lower rates, flood the system with liquidity and let the derivative players off the hook, again. Well, this did work splendidly last fall, but this is anything but a sure thing this time around. There are two critical differences today. First, there is the recognition that the economy is overheated and creating dangerous imbalances. And second, the dollar is in trouble. Importantly, this now leaves the Fed in a quandary and we are not quite sure how they get out of this one. They have certainly created quite a mess... Certainly, the bulls will hope to get through option expiration two weeks from today. With all the equity derivatives that now exist in the marketplace, if we have a serious break next week, the financial markets will have an additional derivative problem to deal with. prudentbear.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next