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 101.44

+3.5%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: philv who wrote (5503)	1/10/1998 2:11:00 PM
From: Crimson Ghost	Read Replies (2) of 116758

philv: According to Frank Venneroso, CB gold sales last year were much higher than the Gold Field estimates. Even more important, CB gold loans to speculators have gone into the stratosphere. When puzzling over gold's recent action you might want to consider a quote from the late great economist Elliot Janeway. To paraphrase, gold moves in the opposite direction of the dominant power's currency. Once the U.S. dollar comes under serious and sustained pressure, this gold bear will turn into a roaring bull. But as long as the greenback is king of the hill, the yellow will remain in the doghouse.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next