Yamana Resources INC. T- YRI 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 : Yamana Resources INC. T- YRI

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stew who wrote (1564)	9/28/1998 4:01:00 PM
From: Neil Irwin	Read Replies (1) of 2346

Stew, There's an interesting article on gold, silver, and the hedge funds on the Bema thread ( Message 5860410 ). Bill Murphy of LeMetropoleCafe projects 1. Gold will soon reach $600 an ounce stops suppressing the market while they straighten out the LTCM mess. It's easy to see that keeping the price of gold down makes it easier to close out the short positions. "An exploding gold market would undo their fixit plans for Long Term." 2. With "silver stocks disappearing (now down to 72,252,682 oz. and a whopping 1,800,000 oz. today)", he sees silver climbing to $12 to $14 per ounce. I'm not sure how much value to place in his statements, but an increase of 10% in silver had a significant effect on YRI prices earlier this summer. Let's hope that some of his crystal ball gazing is true. Neil.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next