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: long-gone who wrote (36887)	7/9/1999 7:34:00 AM
From: Enigma	Respond to of 116764

Our friend attacks Bill Murphy for recommending gold on this thread - shedding crocodile tears for the poor gold investor who might be led astray? Givvus a break!

To: long-gone who wrote (36887)	7/9/1999 9:28:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116764

Do I not remember you making such an inverse recommendation No Richard, I do not believe I ever made such a recommendation. I believe the farthest I've gone is to comment on the danger of investing against a present trend. And I may have discussed how I believe there are better investment opportunities out there where an investor can actually make some money. And I CAN GUARANTEE THAT I HAVE NEVER USED verbage similiar to the whining "buy/sell" recommendation that Bill used. It's not like his his cry for a gold buying splurge here on SI's GPM really would have much impact anyway. As for a rally in gold.... Richard, the XAU is not the price of gold. It represents gold producing companies. The price of gold has not enjoyed a rebound nearly comparable to that of the XAU. But will there be a bounce in gold?? It's possible since it appears that the CBs were actually supporting the POG until they could get their gold sold. I even suspect that certain firms were hired or asked to submit bids so as to create the appearance of high demand for the auction. That would account for why gold crashed afterward when those bids disappeared and the price was permitted to "freely" trade again. And yes, I believe Bill has told us he is unpaid. But I'm wondering if he is counting those trips to DC as gifts or income. Eventually, he will have to take a salary, unless he is indepently wealthy (we at least could assume he is less wealthy given his unceasing love for gold shown over the past several years). Regards, Ron