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.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (25525)	12/16/2000 2:13:32 PM
From: r.edwards	Respond to of 65232

gold ? we are about to drill a natural gas well here in Texas , Want in ? ( arabs can't import nat. gas). Wise cnty Tx.

To: marginmike who wrote (25525)	12/16/2000 4:35:29 PM
From: SGJ	Respond to of 65232

Darn Mike do I need to get out my Y2K provisions now, a year later? I don't think they are stale dated yet. :-) Gold is being held down by the Fed, Chase and Goldman Sachs with large gold leases to protect. Central banks, bullion banks and money center banks around the world have lent out gold at low prices and get interest on the contracts. Hedge funds and other big money players sell the gold and use the cash to invest, while paying meager lease rates, sometimes as low as 1%. Borrowers believe they will not have to replace the gold at higher prices. THe lenders have seen to it. If Gold spurts, Greenie will not hesistate to lower rates boldly, while selling the heck out of near month gold contracts. "Too big to fail" will be the issue. Gold will then fall like a rock.