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 106.75

-0.5%

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dale Schwartzenhauer who wrote (284)	7/7/1997 5:38:00 PM
From: Dale Schwartzenhauer	of 116791

After reading these many bearish forecasts, it might be time for a contrarian position. Also, I wonder if today's collapse wasn't exhaustion of an 18 month decline. High volume on leading NYSE gold issues, probably on futures as well. In 1976 with gold approaching $100, many were calling for a return to the old $35 fixed prices. I know that most investors see the disgorgement of central bank gold as bearish, which is certainly true short-term, but it seems to be very bullish long-term. This undermines the sympathetic backing of each currency and distributes gold to stronger hands. Is Australia going to buy back what it sold? Not likely. Returning gold to private hands is as much a massive remonetization as a stripping of power from public officials. After all, those who have the gold, make the rules.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next