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: LLCF who wrote (54173)	6/13/2000 10:45:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 116759

Bullion jumped to $340 an ounce last September after Western European central banks gave assurances they would limit sales of their gold reserves for at least five years, but has since retreated to around $290 an ounce FWIW the more producers that are 'fully hedged' the better for us holding companies that are not when POG takes off. A comment like that deserves to point out that many of the hedgers are forward sold via FORWARDS not futures, and at the benefit to the producers. The fact that gold went from $340 to lower then $272 only goes to prove that the ECB agreement meant nothing in the longer trend. You have no basis to formulate that the gold bear is over. Even today your rally is fading. This is not to say it is yet over. But rest assured that GOLD is at best range bound.