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: IngotWeTrust who wrote (49097)	2/15/2000 4:02:00 PM
From: The Barracuda™	Respond to of 116762

But gold is going down dispite this?? That d*** HUTCH and his arguements is the Cheshire cat that looms over the gold market.

To: IngotWeTrust who wrote (49097)	2/15/2000 5:58:00 PM
From: lorne	Read Replies (1) \| Respond to of 116762

Ashanti says close to deal Reuters Story - February 15, 2000 13:00 " The parties in the talks are currently considering candidates for board posts, with members of the dissidents expected to be represented in a new, independent line-up. " More >>> hoovershbn.newsalert.com

To: IngotWeTrust who wrote (49097)	2/15/2000 8:56:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116762

"Hardliners. . . want to extend their output cuts. . . In that camp sits Kuwaiti oil minister Sheik Saud Nasser Al-Sabah" dowjones.wsj.com Do you recall the 79 tonne Kuwaiti gold loan? It came out soon after that Kuwait did a nice deal with the US for some military hardware and that some canadian gold mines were sold to an agent of a Kuwaiti govt institution (the "Kuwaiti Development Authority" I think it was). But even with those sweeteners, Kuwait probably saw its loan as a forced response to a potential default on gold contracts ("forced" because the gold it is owed many years in the future could have been lost). So in some ways they probably view it like the Nixon default of the early 70's, (except in this case the "gold window" was about the close because of the Euro central banks and the market, not the President). And so they're acting just like the ME countries in the 70's. Go back through OPEC pieces on Kuwait from early 1999--you'll see that Kuwait wasn't considered a "hard-liner" until it was forced to loan gold.