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: Bob Dobbs who wrote (40739)	9/24/1999 3:05:00 AM
From: Alex	Respond to of 116790

9/23/99 - Audio: What Forces Are Behind Gold"s Recent Recovery? Sep 23, 1999 (ON24 via COMTEX)--It"s been a brutal year for investors holding stock in precious metals companies, but fortunes are about change. The Gold sector has rebounded a bit in recent weeks inline with the metal itself. Speaker: Audio Exclusive from Briefing.com Length: 2 minutes, 33 seconds. For audio/video: on24.com Company: Barrick Gold Corporation (NYSE:ABX) ON24 brings online investors audio and video reports about breaking business news. To see all of today"s news, and to create your free, personalized email investor updates, visit on24.com. Copyright(c) 1999, ON24, Inc. -0-

To: Bob Dobbs who wrote (40739)	9/24/1999 9:36:00 AM
From: long-gone	Respond to of 116790

ALL: Something we need to know Right Here,RIGHT NOW! Please write everyone you know, every news paper, every Congress person, Every radio call in show & TV station and ask: "What are the personal investments of Michael Camdessus of the IMF, Is he required to use a "blind trust" as would a political appointee here in the United States. Is he short gold? Does he get paid each time he speaks about selling IMF gold?" Ask, We know other "big boyz" should not short gold but are, how many more are?

To: Bob Dobbs who wrote (40739)	9/24/1999 12:55:00 PM
From: ahhaha	Read Replies (2) \| Respond to of 116790

These market mechanics have little net effect on price. They might actually cause a short term transient state to occur where the price changes +-10%, but that is no different from any other random commodity move. The price of gold meaningfully or trendingly only moves up from expectations of inflation. Inflation has the power to bust the society into the Stone Age where the ugly labor mob eats the authoritarian elite alive. Fear of this has the effect of driving gold on trend. In this inflation is the great equalizer. The inflation problem has yet to be solved by central banks in the 20th century and we are moving away from the possibility of its solution daily. A solution exists which is no farther away than a free market in money. That takes faith in people. Authority can't do that; it might undermine authority, and so inflation and gold will rise. How high depends on how determined authority is to make the false, true. Thus democratic society is devolving into the glory of the exalted state of the golden gods and the paper slobs. In this inflation is the great unequalizer.