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.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: KevinMark who wrote (117378)11/27/2000 3:43:42 PM
From: Lane Hall-Witt  Read Replies (2) of 120523
 
KM -- Gold: The truly amazing run was the squeeze of September 1999; GS was caught up in that one, too. The sad thing is that the folks who paid the price for that squeeze were the hedged diggers -- ASL, for example, which was actually a pretty good mining company, but with terrible risk management. Goldman is hanging in there long term, waiting for the central banks to race for the exits as they come to grips with the fact that gold is no longer a store of value, so these peaks and valleys probably don't mean a whole lot to them. But the speculation in the commodity does real and lasting damage to the diggers. The effects of the games Goldman plays are all too real in African nations whose economies depend on the value of gold and the success of mining companies.
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