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 105.34

+5.2%

Nov 26 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PaulM who wrote (16756)	8/27/1998 10:28:00 PM
From: Terry Rose	Read Replies (1) of 116768

Paul, The recent reversal in dollar vs. mark, yen, and Swiss franc means someone is selling the U.S. dollar to generate cash. A while back we discussed the point of critical mass in which Japanese banks and insurance companies would have to liquidate dollar assets when certain Nikeii averages were hit. I think that we are now at these levels and those banks are liquidating (selling dollars). Once their U.S. stock portfolio is gone guess what's next. The vaunted treasuries. We should already be seeing the yield of the treasury rising, however I suspect that the Federal Reserve is buying treasuries from Japan, China, and /or Germany to disguise these sales. I caught a short look at the bond pits in Chicago and I think that they are just as confused as those on this thread on what is happening. We are definitely in unchartered waters. Gold continues to be the logical safe haven. But as Tina Turner might have sung "What's logic got to do with it?" Terry,

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next