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 99.85

+6.2%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Broken_Clock who wrote (23772)	12/2/1998 11:39:00 PM
From: Investor-ex!	Read Replies (1) of 116764

PK, These announcements. Send out "rumors" that you wish to sell at the terminus of a multi-year decline, forcing the price ever lower, and do this over and over, without actually ever completing any sales. The price still isn't low enough for your sale? Start more rumors! It's become obvious the CBs are seeking "bottom dollar" before they are willing to complete the transaction. One can safely infer what that transaction is. Stupid or astute? Try turning this logic on its head: With gold now at multi-year highs, it was rumored today that an undisclosed central bank intends to enter the open market to purchase approximately 4,000 metric tons. An unnamed source at the bank indicated that they hoped to begin their purchases "real soon". The source added, "it's obvious there's a huge undersupply right now." "We're so low on reserves, we've become desperate!" No further details were given. That would insure a nice purchase price, right? :o)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next