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 106.75

-0.5%

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (23311)	11/23/1998 11:15:00 AM
From: Zardoz	Read Replies (1) of 116795

"an analyst reported that HM had "unwound most of their hedged positions". And if we assume that every other producer/hedger is doing the same, than we can also assume that GOLD has a lot farther to fall. Since this hedge purchases have NOT created or substained any rally. But has only added a suport to the XAU via the POG. Obviously BOTH the XAU, and POG are over valued. #reply-6065641 "We have it on good authority that one hedge fund, with a short position of 12 million ounces, settled off the market to a central bank lender to avoid market panic," he said. #reply-6455589 Even with the HM and maybe others trying to produce a panic, the price has not apreciated. Some day I'm sure you may see that the POG is actually being supported by the constant writing, and repurchasing of futures contracts from the hedgers. And that's why they have a growing earnings coming from such practises; but, that is unstable. When the producers start seeing a net supply of GOLD on hand, than the price will start to fall rapidly. The only saving grace for gold, would be Greenspan resignation.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next