Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: PaperPerson who wrote (61964)	10/27/2008 9:01:37 AM
From: E. Charters	Read Replies (1) of 78410

It's not so anti-figger as u tink. When people chase dollars, they go up in price. figgers simple. If everyone was selling every piece of furniture on the block to pay the rent, what would happen? Furniture would go down in price. Rent would hold, however. And dollars, being scarce would go up in price. In effect you are using furniture to buy dollars. So dollars go up if furniture goes down. You have to look for "the rent thingie" in this equation. What is holding. I see gold holding well, while its cousins are being sold big time. This is because although people are selling gold it is relatively inelastic in price. Copper and zinc, lead etc, are very supply and demand elastic. Eventually when all the selling is done, and hedge funds are exhausted and perhaps bankrupt, then prices will return. Don't hold you breath on that one. youtube.com Gold in CDN dollars is still $924.00 despite being only 722 in US bucks. What does this mean? It means that the rush is on for US pesos. For a while. EC<:-}

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