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 101.44

+3.5%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (62463)	1/4/2001 1:40:07 PM
From: Crimson Ghost	Read Replies (1) of 116758

Slider: The dollar rallied yesterday primarily because it was heavily oversold short-term -- not because of intervention. The dollar's rally was a one day wonder -- the greenback is getting trashed again today. But gold is getting hit anyway. I don't see how one can argue that the boys are trashing gold to support the dollar. Gold is in the dumps, but the dollar is down sharply regardless. The main motivation to trash gold here is simply to support the huge bullion bank short position. There are only 3 scenarios I can envision that could move gold up in a big way -- and none of them is very probable The bullion banks and CBs lose control European CBs take a more pro-gold approach by cutting gold sales and gold lending. A crisis develops that fundamentally shakes investor faith in the ability of the powers that be to keep things on an even keel.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next