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: Rarebird who wrote (37275)	7/17/1999 8:26:00 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116764

I never said leasing is the cause of the gold bear. What I did say was that cheap gold loans have made the bear much worse. Some months ago a leading SA mining executive was quoted as saying that gold would rise at least $30 if the CBs hiked their short-term gold loan rate from 1% to 5%. That would greatly reduce the incentive to short the yellow and invest the proceeds elsewhwre. And none other than Alan Greenspan said in congressional testimony last year, that the CBs would move to check any "unwarranted" rise in the gold price by increasing the supply of gold available for lease.