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 98.59

-2.8%

Nov 13 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobby Yellin who wrote (5567)	1/10/1998 2:37:00 PM
From: Abner Hosmer	Read Replies (1) of 116759

Bobby - I think he thinks it could be resolved if only everyone did not panic, and everyone agreed to share the risk. The problem with that is, noone wants to be left holding the bag. Read yesterday that all of the banks have "agreed" to decide on an individual basis whether or not to roll over their loans to S. Korea. I wonder if there has been any quiet agreement to let those with the most exposure have "dibs". I think he also thinks that the problems can be resolved if only time can be gained to work them out. I don't see this demonstrated in the example of Japan since 1990. The answer to excess credit creation is the creation of ever more-excessive credit? I think we are seeing the results of that now. It just takes years for it to work its way through the system. I have wondered for some time now how long it will take before we in the US start to pay the price of our own incredibly excessive indebtedness. I think gold will definitely turn around on that day. In the shorter term, would you agree that an abatement of CB selling/lending would return us in short order to the $350 level? I hope we can look for this with the onset of EMU. Did you see the supply/demand data from Goldfields Mineral Services in the link that Bill Grant posted? How will the market respond when all the cheap gold is sold/loaned out? And when? Tom ps - read many accounts yesterday of "panic-buying" of the dollar. Any patriotic selling by Indonesian citizens will be a molecule of water vapor in a bathtub. I wonder what the FED is currently doing to meet this demand...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next