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: long-gone who wrote (49349)	2/19/2000 12:21:00 PM
From: lorne	Respond to of 116753

Gold Expert Predicts Demand Will Rise This Year Feb 19, 2000 - 11:08 AM The Associated Press DUBAI, United Arab Emirates (AP) - The global demand for gold is likely to increase in 2000, going by last year's trend, the chief economist of the World Gold Council said Saturday. The price was also likely to rise, George Milling-Stanley told reporters in Dubai. Milling-Stanley said his prediction was based on "a pretty encouraging picture" of strong demand from the world's largest market, India, and the continuing growth in the second largest market, the United States. The London-based council said recently that demand for gold rose 21 percent in 1999 to 3,278.4 tons. Milling-Stanley said strong gains were also recorded in several other countries, including Egypt, Mexico, Japan, Pakistan and China. He said prices would be bolstered by the agreement among 15 leading central bankers to limit (central bank) sales of gold to 2,000 tons over the next five years and by the continuing decline of supplies from mines. The World Gold Council is a nonprofit organization of major gold producers. ap.tbo.com

To: long-gone who wrote (49349)	2/19/2000 1:19:00 PM
From: Tom Byron	Read Replies (3) \| Respond to of 116753

aaahh. the reason the price of gold is going to rise is that we are now 3 weeks from the end of the current 38 weeks cycle and are now getting deeper into the up part of the longer term 114 weeks cycle. see: members.home.net both the current 38 weeks cycle and the 114 weeks cycle began june 18, 99...ya see rich, before the "word" (funnymentals) there was the cycle and the waves....:)

To: long-gone who wrote (49349)	2/20/2000 10:20:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 116753

Richard, that is very old news. Look at the Dollar index and the Canadian and Australian currencies. Those are some of the best indicators I know to determine the sustainability of any rally in the POG. There is some Fear out there that with all this tightening, the economy may head into recession, which would be good for Gold. Beware, however, if Greenspan pulls off another soft landing like he did in 94. It would not bode well for Gold over the long term.