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 126.67

+0.4%

Jan 14 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (39255)	8/19/1999 7:38:00 AM
From: Alan Whirlwind	Read Replies (1) of 116856

<<For those investors, who reportedly are also among the heaviest gold borrowers, a continued increase in lease rates could portend a sudden and damaging short-covering rally in the metal. Such a scramble would be of huge benefit to the price of gold, although it would be unlikely to move other markets significantly, said Frank Veneroso, a gold expert at Veneroso Associates and author of the Gold Book Annual. "I don't think [the gold carry trade] is a big deal," he said. "I think that sometime down the road, it will get unwound. But I've never believed it's been large enough to create any systemic risk.">> For Veneroso to say that the carry trade is no big deal and likely won't help gold shows just how bad things really are for metals.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next