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 : Int'l Wayside Gold Mines Ltd (IWA-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (848)	4/16/2000 11:52:00 PM
From: Dan P	Respond to of 1321

Claude: You made some very interesing points, esp. with respect to the size of the gold mining sector as compared with 20 years ago. The gold funds managers have been tearing their hair out with the relentless redemptions. Possibly, this has exagerated the down move in the stocks. On the upside, money shifting into this sector could do the opposite. Reg Howe has written an interesting piece on the Swiss gold sales, which, strange as it may seem to the mainstream press, he views as bullish for gold, as it may enable the European central banks to cover their gold loans, and add some liquidity on the physical side, which has been a problem. Another viewpoint, esp. with regard to the hedge funds that are short gold, that may be one of the few areas in their portfolio that shows a profit. However, to establish that profit, they have to buy the gold back, or cover their shorts. They may need to do that in order to cover the losses in the rest of their portfolios. This of course would have the impact of raising the gold price, unless a powerful force is there selling against their purchases. We'll see over the next few days. Regards Dan