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 96.90

+0.9%

Nov 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (20046)	9/29/1998 9:04:00 AM
From: Enigma	Read Replies (1) of 116762

The big lie ?? Producer Selling @$300 I have never been much of a believer in conspiracy theories - but with all of this hedge fund stuff et al, you wonder about the above statement which always gets trotted out by analysts when gold reaches current levels. The conflict of interest is more and more obvious - and Ted Arnold may be a typical example. Gold producers with proper hedging programs must sell regularily on the basis of time not price - just as they sell into the spot market (and buy back the equivalent short position) as they produce the stuff. Some marginal players may wait for the price to reach a certain point - but the big boys must have a regular disciplined program which has nothing to do with the current price. The problem has been that the media quote these analysts without question - and this goes for Comex News too. Hope that this time round we burst through $300 and stay there. E

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next