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 97.68

+5.0%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (27994)	2/11/1999 6:59:00 AM
From: long-gone	Read Replies (1) of 116753

<<" FRB And Goldman Sachs VS Gold:>> Yes, somethig more is going on, I think the friendship in the conspiracy may be coming apart. Duetch bank is calling for only $290-300 gold, Goldman has (of late) made a $320 gold call for 1999. Merrill (if I recall correctly) was in at $325. At any rate, I think we will see it above $291 or 292 soon, with the long bond at 5.36 POG should be there now - or a little above. One thing for sure, the reason to drive anything down is to get piles of it and let it move back up(or push it back up). Also there is the business cycle, this is a law of nature(much as gravity) and can not be repealed for all time by an act of Congress, banks or man. LTCM is simply caught on the wrong side of this thing & must get hurt. One can not expect every commodity to be manipulated lower forever! The pendlum must swing and swing back. This is part of why everything works at all.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next