SI
SI
discoversearch

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 113.82-6.4%Dec 29 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: PaulM who wrote (12130)5/24/1998 12:47:00 PM
From: Terry Rose  Read Replies (1) of 116835
 
Paul, Thanks for the palladium post. Having a margin requirement on a futures contract that exceeds the actual cost defeats the purpose of a futures market. If the Japanese need palladium for their auto industry why were they selling it instead of buying it. I guess they thought they could drive the price down ala the gold market. They bet wrong and should pay for it. Unfortunately in this crooked game some new rules bailed them out. I can see why you are miffed so am I.

Over the past few months silver, palladium, and platinum have all had spikes in their prices when supply was interrupted due to the discrepancy between the low physical metal reserves and the large derivatives market in these metals. I wonder which precious metal is next?

With all the fires erupting around the world in the economies and currency markets the parable of the little Dutch boy and the dike comes to mind. Once one leak is plugged another starts. Run out of fingers and toes and you drown. With the IMF and Central Banks attempts at damage control to prevent the inevitable only two outcomes are likely. 1. They put out the fires and all the liquidity created to put them out results in embedded inflation 2. The fires burn out of control and a global recession occurs. Either outcome bodes well for gold.

Terry,
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News