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: Crimson Ghost who wrote (55749)	7/5/2000 3:30:37 PM
From: pater tenebrarum	Respond to of 116791

well, i have repeatedly pointed out here that the XAU non-confirmation was ominous. but the XAU is now extremely undervalued vs. the PoG. so either the XAU starts to recover, or the PoG is going to slide further.

To: Crimson Ghost who wrote (55749)	7/6/2000 8:04:02 AM
From: Ken Benes	Read Replies (1) \| Respond to of 116791

Fools Gold: When I was a kid, there was always a western on tv showing some unfortunate prospector who thought he discovered a gold deposit only to be disappointed when the metal proved to be a fools gold look alike. Today there is a new definition for fools gold - every ounce of the metal that is being produced that puts downward pressure on the pog. The major producers are in the business of providing the market with large amounts of this funny metal and if they cannot get enough of it out of the ground, they borrow it from a bank spilling it into the market place. Fools gold is flooding the market being supplied by the biggest group of fools that have ever managed listed corporations. Unfortunately those with agendas, bankers etc, recognizing the foolishness of the fools running the producers are quick to capitalize on their lack of sophistication. Derivatives are packaged in away that the fools cannot prevent themselves from borrowing the massive amounts of fools gold that is flooding the market. The bankers are happy, the jewelry buyers are happy, those with an economic agenda are happy, and the fools are very happy watching the shovels digging away and the truck loads of bullion going in and out of the fooldoms wharehouses. How foolish of the fool managers who cannot comprehend that devastating impact the fools gold is having on the market for gold. Ken

To: Crimson Ghost who wrote (55749)	7/7/2000 10:41:19 PM
From: Rarebird	Read Replies (1) \| Respond to of 116791

<The commercials right again> The commercials cannot get squeezed. They are the market. Only speculators can get squeezed. Sometimes commercials are wrong about gold for a little while, but in the end, they are usually right. This time is no exception. It's true the commercials were short palladium for a while during its blow off stage, but that is a very thinly traded market in which the traders' commitments are only about 1/100 as important as for gold.