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 : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1934)	6/27/1999 11:02:00 AM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 8010

Thanks for your comments Claude. Should gold actually go below $200 I think the turbulance in the markets will be scary--poor countries producing will default on IMF loan, revolution will abound, etc. It's probably almost to that point already. A spike down that far could be followed immediately by a huge move up no one could comprehend. Since everyone likes the status quo, I would think everybody will connive to keep gold at least above $250. Who wants chaos from any quarter, even if one has to give a goldbug a bone? I think in hindsight people will see the destruction of Royal Oak and Kenross as the high water mark of the bear in gold. The tide turns here in my opinion. A spike down at this point might actually be a catalyst. It wouldn't last long. As for silver, I'm in deep enough at $5 an oz metals and securities. When COMEX falls to 50,000,000 ounces the £¢§¢¶ will experience wind sheer. --Alan