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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (38222)	6/6/2000 6:52:00 PM
From: Lucretius	Read Replies (2) \| Respond to of 42523

i think we didn't have enough pesos to buy their stocks w/ -g-

To: pater tenebrarum who wrote (38222)	6/6/2000 6:57:00 PM
From: AllansAlias	Read Replies (1) \| Respond to of 42523

I was away from 14:15 on. Interesting reading the threads after the fact. Lately, as I am only "on" for mornings, I come back in the evening and try to figure out what the closes were from reading posts. Today, I guessed we were down maybe 30 points. The bullish threads gave me little-to-no indication that trouble lay ahead, the bearish threads are tame, and Luc's post count is WAY down. This can only mean bubble-trouble. Oh yea, gold showing persistent strength, dollar trying, but jaundiced, bonds spread and confused, ECB rumbling; these things too. Tomorrow we fill some gaps. --Allan

To: pater tenebrarum who wrote (38222)	6/6/2000 7:14:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 42523

COMEX gold rallies again as dollar falls more By Alden Bentley NEW YORK, June 6 (Reuters) - COMEX gold extended its rally to a two-month high on Tuesday, adding nearly $20 since Friday on the back of a dollar selloff and a vicious squeeze on bears who had sold expecting yet lower prices, dealers said. The dollar fell to its lowest in nearly two months against the euro and yen and to a one-month low against the Australian dollar on Tuesday, amid indications the U.S. economy was cooling well before inflation gets entrenched. After pausing overnight, August gold in morning trade shot to $294.50 an ounce, its highest since April 4. It closed at $291.80, up $3.60 an ounce. Spot bullion was quoted late at $288.60/9.60, near London's 11-week high late fix at $288.40, and up from Monday's New York close at $285.10/85. Benchmark futures have gained $19, almost seven percent, since opening at $275.50 on Friday, the day speculators began to panic out of short positions, which they accumulated while pushing the price to an eight-month low of $272.20 on May 25. "The dollar has dropped eight or nine percent over the last two weeks and we've got the necessary response in gold catching the shorts and taking some of fund positions out," said Bernard Penner, bullion trader at Rudolf Wolff in New York. "Weakness in the dollar certainly sparked this." infobeat.com