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 97.67+5.0%Nov 10 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: long-gone who wrote (57943)9/8/2000 12:14:23 AM
From: goldsheet  Read Replies (1) of 116753
 
Although I can't find my previous post and my exact numbers,
I said something like the drop from $400 to $275 might be divided up as follows:

$100 - Increased primary mine production, resulting in the drop from $400 in early 1996 to $300 in late 1997.
$25 - 1998 Asian currency crisis, which dumped almost 1100mt on the market.
$25 - Central banks sales

You might notice that adds up to $150, which took us down to the summer 1999 low of $250.
The Asian dumping has since been completely absorbed by the market which now puts us at $275.
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