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Technology Stocks : DESERT DIRT TA
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To: Bob Markley who wrote (1148)12/18/1997 12:22:00 PM
From: Bruce McGaughey  Read Replies (2) of 1539
 
Yeah, Bob. Try this one for all the currencies vs. gold:
the-privateer.com

Doesn't seem to be one or another currency stronger vs. gold
right now.
This "Privateer" site is pretty neat. It's based in Austrailia
and it's their contention that turns in US gold have always
been preceded by turns in Aussie gold. In other words, when gold
turns, it turns first vs the Aussie dollar.
It's an interesting point except I've always thought gold
was preceded by a move in silver.
And Kim, to answer your question: Yeah, silver's had quite a run.
It's a different situation than gold now, I think.
Booming economies have depleted the silver stores and the Comex
levels backing the futures market in silver is at it's lowest
levels in 20 years. Therefore, there are rumors of a squeeze
in silver right now.
It may peak out at 7-8 but who knows when the trigger will be
pulled and the price comes crashing down ???
You may not be old enough to remember the Hunt Brothers and
their attempt to squeeze silver, back in the 70s.
I think it went to 20.00 per ounce. Maybe more...I can't remember.
I do remember hauling Grandmother's silver flatware and tea
services down to the bank for storage because she didn't have enough insurance to keep it at her house.
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