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 145.00

+2.0%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Enigma who wrote (48923)	2/12/2000 3:54:00 PM
From: Gord Bolton	Read Replies (1) of 116912

It will certainly be interesting to see how it all unfolds. The Central banks are creditied with having a lot of gold sitting in the warehouses doing nothing much but if they have leased out a large percentage and that gold has been sold into the market they may have already shot their wad so to speak. That would be the same gold that is supposed to be on hand to suport the currency in time of need. I am sure that China, Russia and South Africa would all like to see the POG go up as they are all large producers and could use the Cash. Big mining companies do have some power in the market as well if they can ever learn to sing in harmony. And if gold does start rising it will create its own demand. New buyers will enter on speculation or as a safe haven and everyone who leased gold on cheap interest rates will be pressured to buy it back before it goes higher in price. Remember Central banks and everyone else does not want to buy gold because it is cheap and getting cheaper. They want to have it because it could go up and way up in price. There is a finite amount of gold available and there is potential unlimited demand.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next