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 105.33

+5.2%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Little Joe who wrote (38553)	8/7/1999 4:18:00 PM
From: Rarebird	Read Replies (1) of 116770

< My recollection is that when Gold ran to $850, a few decades ago, that interest rates were also going through the roof, and I guess the Fed was tightening. > Very good point, except that the inflation rate back then was much much higher than today. The other factors that I spoke of and which you mentioned in your post did overwhelm the Fed's tightening stance back then. Keep in mind also that the US Market was not in a bubble back then, but in a Bear market. I think a big intangible factor here in getting Gold to surge is the realization by market participants that a Bear Market has indeed arrived. Little Joe, I thoroughly expect Gold to rise from the Dead as this Bear Market deepens and the Dollar continues its decline. I don't know where Gold will trade next week, but I do know it will be sharply higher by the fourth quarter of this year.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next