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: Enigma who wrote (53401)	5/30/2000 8:07:00 PM
From: lorne	Read Replies (1) of 116770

Right on E. " But, put it this way, if a Canadian producer extracts gold with a $Can at parity to the US$ and is only marginally profitable - won't he become immensely more profitable if the $Can falls to 68 cents US? That is in fact what has happened not only in Canada, but it S.A., and Australia too. " Lets say for the heck of it that the US$ tanks would the Can.$, Aus.$, SA. Rand gain in value against the US$ ? And if so what happens to the POG in terms of Can$, Aus$ SA. rand. A person might think that these countries have a stake in keeping the POG where it is. Also Seems to me that these countries are big gold sellers and quite often sell into any rallies ? Lorne

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next