SI
SI
discoversearch

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 106.75-0.5%Dec 3 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Crimson Ghost who wrote (55749)7/6/2000 8:04:02 AM
From: Ken Benes  Read Replies (1) of 116791
 
Fools Gold:

When I was a kid, there was always a western on tv showing some unfortunate prospector who thought he discovered a gold deposit only to be disappointed when the metal proved to be a fools gold look alike.
Today there is a new definition for fools gold - every ounce of the metal that is being produced that puts downward pressure on the pog. The major producers are in the business of providing the market with large amounts of this funny metal and if they cannot get enough of it out of the ground, they borrow it from a bank spilling it into the market place. Fools gold is flooding the market being supplied by the biggest group of fools that have ever managed listed corporations. Unfortunately those with agendas, bankers etc, recognizing the foolishness of the fools running the producers are quick to capitalize on their lack of sophistication. Derivatives are packaged in away that the fools cannot prevent themselves from borrowing the massive amounts of fools gold that is flooding the market. The bankers are happy, the jewelry buyers are happy, those with an economic agenda are happy, and the fools are very happy watching the shovels digging away and the truck loads of bullion going in and out of the fooldoms wharehouses.
How foolish of the fool managers who cannot comprehend that devastating impact the fools gold is having on the market for gold.

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News