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 105.33

+5.2%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (16025)	8/17/1998 5:35:00 PM
From: Wizzer	Read Replies (2) of 116778

Someone posted this article on the ruble. Message 5513294 The threat and subsequent devaluation of currencies in countries, does typically cause a movement to "hard" assets like gold. There also seems to be concern that the Chinese will also devalue the Yuan. Indian monsoon season is over, and the wedding season has begun, which is typically good for gold also. I believe several factors are present for a short term upward movement in gold, with short term demand. Asia will be the catalyst for this movement. Also, heard on CNBC that market capitalization of companies like Microsoft or GE are worth more than the total value of the Hong Kong Stock market (down more than 60%).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next