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 109.23

+3.7%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ahhaha who wrote (34814)	9/21/1999 3:29:00 PM
From: Cynic 2005	Read Replies (1) of 116785

<<I can't emphasize how important it is to understand how supply attracts price. It is a corollary to Say's Law. On the NYSE one says, "price moves in the direction of orders in the book", >> Based on today's price action in gold (up over 5 bucks after the BoE auction which went through at 255 handle), it is possible that your theory is at works. However, the same can't be said about price of gold after the BoE auction in June. I am assuming that there wasn't enough supply-demand imbalance to cause the price rise on the previous auction. Correct? Also, what do you make out of the s-d picture based on the $5.5 rise in gold after today's auction that was over-subscribed by 8 times! TIA!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next