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: John Hunt who wrote (36099)	6/29/1999 8:50:00 AM
From: long-gone	Respond to of 116753

We know some of gold's oversupply and the reduction of demand last year came from people in Korea selling jewelry. With their economy better, demand should return(Oh, sorry, I forgot, Ron wants to forbid jewelry ownership and every beneficial use of gold). ASIA MARKETS - Relaxed about likely Fed move By Sonali Desai SINGAPORE, June 29 (Reuters) - Asian markets held their ground on Tuesday as the yen meandered in familiar ranges and investors took a more relaxed view of a widely expected U.S. rate hike. Analysts said a U.S. tightening was unlikely to spark fears of similar moves in Asia, where most central banks are still trying to jump-start bank lending in the wake of the crisis. ''The central banks' key policy focus at the moment is to maintain monetary policy which provides for growth rather than stable exchange rate targets,'' said John Woods, head of research at HSBC Markets in Hong Kong. ''Whatever the Fed does, at this juncture, that particular policy isn't going to be upset,'' Woods told Reuters Television. KOREAN OUTPUT SURGES, MARKETS UNIMPRESSED South Korea had yet more proof that its economy is out of the woods. Industrial output jumped 21.8 percent in May, its biggest year-on-year rise in more than a decade. But the base effect was quite sharp, given last May's eleven percent contraction in output. The current account surplus also continued to shrink in May, with close to a 50 percent year-on- year fall, reflecting a growing hunger for imports as domestic demand recovers. (cont) biz.yahoo.com Morning All.