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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Rose who wrote (72823)	8/9/1999 7:14:00 PM
From: GST	Respond to of 164684

Ribert -- I don't think this is linked to the FOMC. The lease rates of gold are linked to the rising risk of default on these loans. In a market that is thousands of tons short, leasing rates for the metal will soar. As leasing rates soar and traders cover their short positions the price of gold goes up. As the price of gold goes up, the risk of default rises again and leasing rates go up further. Etc. etc. $30 by October -- my friend we could see $30 this week in this kind of market. It has huge potential for an upside move.