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: Enigma who wrote (45720)	12/7/1999 3:12:00 PM
From: Enigma	Respond to of 116764

Kitco has now revised its chart - so closing Feb contract appears to be around $285 - the last trade.

To: Enigma who wrote (45720)	12/8/1999 12:20:00 PM
From: Zardoz	Respond to of 116764

Since the ECB manipulation on the news release, the bid-ask spreads have been wide enough to drive a B-trailer Semi through. What they did was artifficially stimulate the Euro, by creating a short squeeze in gold. As I said some time ago when gold was $329, the fair value for gold is around $275. It would trade lower over time. Once it hits $275-ish then a rally can be expected, but the liquidity was drained. So an expected volatility is to be expected. And that plays into the shorters hands, and not the investors. This is the time that people should be buying the XAU on the cheap, and writing options. {much like ikegodsey suggested a while ago} Hutch PS: Expect wide swings.