Kinross Gold 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 : Kinross Gold

KGC 27.48

-3.1%

3:49 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: kfdkfd who wrote (10)	7/21/1997 9:26:00 PM
From: Ming	of 530

Kinross will have severe problems in the coming months. As European and other central banks consider selling partially or totally their reserves because A) they're tired of its lacklustre performance B) it's the least politically sensitive way for them to clean up their books and qualify for the EU. C) it has lost its main role as a means of stabilizing their currencies, and thus serves no useful monetary purpose. Nobody is expecting a mEXICO TYPE liquidity crisis in GERMANY or France. On the supply side, the South African Gov. will keep the Traansvaal operating until it is bankrupt, because otherwise it won't be able to cope with the apocalyptic effects of unemployment caused by mine closures. Also, the Fed is watching Gold closely, and Gold won't be able to break $400, unless Greenspan gets caught up in other markets,and forgets about Gold. Producer selling will not subside, but worsen, as most of them are now favoring prudence. The only thing that might get gold going is a market meltdown. Sell Kinross!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next