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 105.34

+5.2%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (45419)	11/30/1999 9:33:00 AM
From: Ken Benes	Read Replies (3) of 116768

Richard: I think there is a fair chance that gold will continue down prior to y2k and should y2k turn out to be a minor event, then I believe you will see gold approach its old lows in the 250.00. There is just more supply out there than meets the eye, and investment demand has not really improved, not a good scenario for any commodity. Your point about Anglo purchasing some gold is well taken, however, the producers could have purchased then entire 400 tonnes many times over to cover their short positions. The fact that they did not, indicates they do not believe gold will go much higher, and secondly they have no interest in in higher gold prices. Finally, investors interest in gold shares is limited to the few hardcore gold bugs left. Management of those companies have completely dimminished the desireability of owning the shares.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next