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: m jensen who wrote (35992)	6/27/1999 2:10:00 PM
From: Dave Gahm	Read Replies (1) \| Respond to of 116779

Does anyone know what happened to Kaplan's Daily Gold Report? The link no longer works, and a search fails to turn up a new one. I really miss my daily dose of rationality, and hope he hasn't conceded defeat and started a newsletter on how to get rich in Internet stocks <g>. Regards, Dave

To: m jensen who wrote (35992)	6/27/1999 9:16:00 PM
From: long-gone	Respond to of 116779

<<Distinct possibility? >> Sorry to be a a bucket of cold water, but just don't see it.

To: m jensen who wrote (35992)	6/28/1999 10:30:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 116779

When Gold prices reach the production level that we could see the US Fed Reserve become a net buyer of Gold. Mike, an interesting theory. Were gold to plunge to lower lows, it's possible that in the interest of keeping the dollar from becoming too strong, the Fed could sell dollars and buy gold instead of their normal selling of Euros or Yen to maintain target zones for exchange rates. But I concur that some nations would like to see the dollar become the global reserve currency so that they would have the ability to maintain a favorable exchange (thus, economic advantage) vis-a-vis the US dollar. Were the dollar to become too strong, but the Fed reluctant to further weaken other currencies, buying gold should work as a mechanism for weakening the dollar. However, I don't know how the markets would perceive such a move. I "DO" think that the CBs overseas are willing to so anything to make sure the dollar remains strong out of fear that the US economy would run amok over their markets were the exchange rates to go into America's favor. The dollar is being kept artifically high, just as much as gold is being pounded lower. Other opinions?? Regards, Ron