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 98.04

+0.4%

Nov 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IngotWeTrust who wrote (7240)	2/4/1998 7:42:00 PM
From: Bucky Katt	Read Replies (3) of 116754

49r--Here is the scoop on the metals.. I have talked at length today to 3 big dealers in the metals, 2 in NY and 1 in Calif. What they tell me is massive SELLING by the public of silver, ie-- bringing it in to coin shops and selling. No one is buying silver at the retail level, yet!? As for gold, they are having massive sales--ie--people buying, heavy. It takes 2-3 weeks for them to ship to dealers at wholesale. There is no inventory of gold bullion coins. None. They all agree now is the time to buy gold, at 18 year lows, and sell silver, now at a 10 year high. None of them can make any sense of the metals markets, but did point out how the Tiger fund has held platinum and palladium up for quite some time now, so silver may have a quick up run. They all expect the mother of all runs when gold starts to gain momentum.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next