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: Joan Osland Graffius who wrote (56515)	7/19/2000 8:06:26 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116900

oh, i'm certainly not going to get impatient over this dip...i merely try to look at all the possible scenarios. imo if the XAU doesn't bottom right around current levels, any further down spikes will likely be short lived, as the Aug. '98 down spike was. summer is traditionally a slow season for gold... i agree, eventually the CB printing escalation should benefit gold a lot...if one looks at the trend in LME inventories for various industrial metals it is also obvious that the synchronized global upswing exerts more and more pressure on resources...therefore inflationary pressures should persist. it is actually surprising that aside from the PGMs no bigger price spikes have occurred in the other metals yet. supplies are getting tight wherever one looks... hb