Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (35165)	6/11/1999 12:17:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116756

Bingo: The producers have become the retailers for the cb's. There is not a daily commentary about the price movements of gold that does not contain a reference to the forward sales of the producers. When the cb's want to lower the price of gold two things happen, first, the news release concerning the nature of the sale, secondly, the producers will attempt to front run the market and forward sell the cb sale. The forward sale is funded by leased gold from the bankers who have accomplished an exponential fall in the price of gold. To infer that the producers are not complicite in the sceme is being unrealistic. Ken

To: Richard Mazzarella who wrote (35165)	6/11/1999 1:07:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116756

<<I don't buy the "we've bottomed" arguments, or smart money will anticipate the bottom. >> How about the one that says,"Better a year early than a single day late"?