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 114.87

+3.6%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (87652)	7/4/2002 12:17:30 PM
From: long-gone	Read Replies (1) of 116814

loantech, Exactly what drives the price of gold & silver? Duisenberg - inflation risk still on upside; uncertainty too great for action European Central Bank president Wim Duisenberg said uncertainty about the inflation and growth outlook is currently too great for the ECB to consider changing interest rates. Inflation risks are still balanced towards the upside but uncertainty is too great to take action, Duisenberg told an ECB news conference. If the rise of the euro and the recent fall in oil prices are sustained, then there is less reason to be alarmed about inflation, he said. But ECB vice-president Lucas Papademos said the effects of the euro's recent recovery will only be visible in 2003. On fiscal policy, Duisenberg said the ECB is concerned by the "slippage in interpretation" of the EU stability pact which has emerged since the EU summit in Seville. France secured a deal in Seville, making its commitment to reaching a balanced budget by 2004 conditional on economic growth of 3% or more. © AFX News ananova.com ps many have guessed Creditsuisse might be short gold in the 290 range..

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next