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: SwampDogg who wrote (44175)	10/28/1999 6:49:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116763

well, all, get it now? the gold market has been manipulated, & though the level of manipulation is changing, it remains manipulated. Every major mining firm sells gold almost every day of the business year. Some firms were, over the last week privy to information which allowed some to not sell at that price while others went ahead & sold. Some were allowed out of hedges under what most thought was a declining POG, while others with-out the information were allowed to hedge more or not get out of their hedged positions while; the getting was good. What I can not understand is why more are not simply OUTRAGED at this manipulation. There are moves being made by "the powers that be" to profit some & cost others. The profits are available not based on efficency of mining or overhead control, not based on the worth of management, or any other factor available to most of the industry, most investors, or most analysts(if any real analysts still exist). What this now means is NO business or industry is safe from MANIPULATION! Anyone, anywhere, in any field of endevor may or may not be allowed a profit based not on any factor concerning the worth of how well they do their job or even what their job is, only on whose ass is kissed and how well. When this really gets out, how disillusioned will the investing public become? How will any fund flows ever again move into the market? Only under threat of law. We will now see Social Security funds hit the market though I can't imagine it will be much more corrupt,

To: SwampDogg who wrote (44175)	10/28/1999 7:27:00 AM
From: Alex	Read Replies (1) \| Respond to of 116763

<<"We may see buying on the downside, so I think gold will trade higher," a trader said. After a solid close overnight in New York and a strong opening in Asia, traders said it was possible gold's correction from sharp rises earlier in October may be ending and further gains from short-covering are possible. "All the action was in the Australian market. We heard there was American commission house buying on the way up, and professionals in Australia selling on the way down," a trader in Singapore said. After having tested US$285 this week, gold has bounced back strongly, which suggests it will move higher again, he said. >> uk.news.yahoo.com