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 96.04

-1.4%

Nov 17 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: IngotWeTrust who wrote (9251)	4/3/1998 3:46:00 PM
From: Abner Hosmer	Read Replies (1) of 116762

Well, based on the information posted here, I think it will be to their advantage to have a relatively heavy weighting of gold in their reserves (to lend credibility to the currency) and I think they may be happy to see that gold (and their euro reserves) repriced upward. I think they will also tacitly require those members who want to sell to exercise more discretion in their sales. Besides, if they allow gold to move up to the $350 level or so, they'll be able to loan a lot more of it out as stressed miners fall all over themselves to hedge forward. It would be a really bad move for them to allow this currency to be a dog.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next