KITCO - Gold discussion 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 : KITCO - Gold discussion

GLD 457.82

+1.3%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert Dirks who wrote (126)	9/24/1998 6:44:00 PM
From: sea_urchin	Read Replies (1) of 989

Robert : Something is happening right now. The iceberg is turning over. It is clear massive defaults are shortly to be exposed. Especially if the gold market is as short as you say. No-one knows where to "hide". Or what to do. However.... During the past week the SAf Rand has strengthened by 10% and that is after it had gone up by 20% in the previous weeks. Long bond rates have fallen from 20.5% to 17%. Money is coming into South Africa. I can't tell you from where. Or why. But it is pouring in. Now remember, if the Rand is firm and the US dollar is weak then SAf gold shares are an ideal currency hedge for US investors --- especially if a run on gold is anticipated --- as it is. Someone must know something.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next