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: Ken Benes who wrote (58742)	9/22/2000 5:02:15 PM
From: long-gone	Respond to of 116762

<<For gold to regain its store of wealth status and attract new investors, the dollar would have to fall substantially below the 100 level, >> don't give up hope yet, history has shown intervention soesn't often work, of if it does. it can't hold for ever. This is jsut money in the pockets of the currency speculators.

To: Ken Benes who wrote (58742)	9/22/2000 6:54:20 PM
From: John Paquet	Respond to of 116762

Ken; You are absoulutely right and posted an excellent post that says it all. It is interesting to note that before Euro CB, Japan, and FED consorted efforts first run, US treasury sold gold which knocked down gold below that $270 mark. This move has knocked down the market sentiment to prevent today limited rise in POG. We also should congratulate Summer's sucess and should vote for him next {year 2004} US president or next FED chairman when Alan retired. In any way, it is very interesting to watch the market play out; especially the following: DX got open gap down, and gold gap up. After Summer, then gold retreted so did XAU. Xau perfomed very poorly today. Dow down -200 more points and ended up closed +81 . Black Friday did not materialize but it was a "close" call, though. Have good weekend, Ken. John Paquet