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: Enigma who wrote (54286)	6/14/2000 11:01:00 AM
From: LLCF	Read Replies (1) \| Respond to of 116759

< So IMO if the gold price continues to rise in spite of the Swiss and British sales it is extremely bullish. > Wise words. DAK

To: Enigma who wrote (54286)	6/14/2000 4:51:00 PM
From: Ken Benes	Respond to of 116759

Unfortunately, news in the gold business can be recycled and discounted several times. I was around in the late 70's and yes we could be nearing a moment of truth. As I said in a later post, if a 300 thousand ounce cover of a previous forward sale could cause a 7.00 rise in the pog, imagine covering a couple of million ounces. The burden is on the producers to back this move with additional coverage. If they don't and the rally falters, the cynicism surrounding the big producers is going to be exacerbated. Ken