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: goldsheet who wrote (41087)	9/27/1999 12:14:00 PM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116764

thanks Bob..why did the Central Bankers make the announcement? notice..in this announcement they are giving a five year time frame.. they are spelling it out and so strongly? why did they want to change the psychology? I still think it was to kill the gold carry trade and decimate them..I am wondering if the financial markets were even more precarious than was let on..

To: goldsheet who wrote (41087)	9/27/1999 12:28:00 PM
From: John Soileau	Respond to of 116764

I agree completely, regarding sales. If the bankers weren't going to do more selling than already announced anyway, which sure appears to be the case, there's no change in any policy. They just decided to address market fears arising from imaginary sales. They were undoubtedly pushed to do so now, by representatives of the basket-case third world gold exporters. Will be an interesting gold market now that it's not afraid of ghosts. Regarding leasing, this may well reflect a significant collective CB policy change, with an even more profound effect on the market. John