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 92.99

+2.9%

Nov 7 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: D LEE who wrote (4298)	12/15/1997 2:35:00 PM
From: PaulM	Read Replies (1) of 116753

D Lee, I also noted with interest the recent flurry of statements all of which were likley to have a stabilizing effect. It would be foolish to think that CB's and politicians don't realize that a word or two from them can move markets. Especially this market. Maybe they see SE Asia as big buyers in the future. Maybe the Asians have even indicated a prefernce for selling at least some treasuries and buying some gold--just for diversity's sake? Maybe, as you say, the Western nations would prefer not to exacerbate an inevitable future rise with a short squeeze. Or maybe they see EU moving to a gold standard? I noticed that unlike almost all other currencies, the ECU--generally expected to be weak-- has actually been up against the dollar lately. The nice thing about severe bear markets like this one, is that there is so much bad news, that any change in direction is bound to be good. Take Care.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next