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 106.98

+0.2%

Dec 4 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jim McMannis who wrote (25966)	1/12/1999 2:03:00 AM
From: Terry Swift	Read Replies (3) of 116796

Jim: Rates are backing up despite AG's determination to keep the punch bowl forever full. The dollar is weakening, slowly but surely, and the market is pushing up long-term rates. Sooner or later AG is going to have to follow. He is powerless as regards the long term end of the treasury market. If rates back up to 5 1/2 to 5 3/4 range, they could be the pin that pops this equity bubble we've been in for some time now. If that happens, I expect the gold stocks will be taken down with the general market, at least in the short term. Gold clawing its way up is tough enough given the array of forces doing their damnedest to manipulate it to keep it under $300 and this back up in rates and what it portends for the general market can't be good for gold short term. Money supply has been exploding for months now, which will ultimately benefit gold but a stock market crash will swamp all boats. A very real possibility, IMO. Good luck trading. Terry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next