SI
SI
discoversearch

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 : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: SliderOnTheBlack who wrote (82725)12/26/2000 3:49:14 PM
From: The Ox  Read Replies (2) | Respond to of 95453
 
Hi Slider,
I added very small positions in NTG and KEG right near the open. These 2 positions are for the longer term portfolio and will be held as long as the patch fundies stay strong.

I also added a very large trading position (for me) this morning in KEG (between 8 1/8 and 8 5/16) and sold between 9 and 9 1/16.

I would be very cautious about adding long trading positions late in the day for the rest of this week. I believe there are still plenty of retail tax sellers trying to eek out what little they can on daily moves. These folks will be getting impatient, selling their positions late in the day and this will cause some tempering of the strong up moves from earlier in the day.....bwdik?



To: SliderOnTheBlack who wrote (82725)12/26/2000 10:15:49 PM
From: getanewlife  Respond to of 95453
 
Slider,

Is there an Asian recession looming? and how it's going to play out for gold?

Gf, regards

0056 GMT -- Dollar broke through fresh 16-month high above
114 yen as falls in Nikkei share average <.N225>
intensified pessimism about Japanese economy.
-- Dollar climbed as high as 114.03 yen, drowning sell orders
around 114 yen placed to protect options positions.
-- Active commercial buying helped push dollar higher.
-- Yen's sharp downtrend against euro also provided
support to dollar/yen.
-- U.S. speculators actively boosting euro longs versus yen and
Japanese trust banks continued to buy euros to unwind hedge
positions.
-- Euro climbed nearly six percent in past week, rising as high
as 106 yen against Tuesday's late U.S. level of 105.70 yen.
-- Slumping Nasdaq index <.IXIC> and belief that European region
best placed to withstand global economic slowdown continued to
encourage euro buying.
-- Euro also rose against dollar in line with move in
euro/yen. It stood near Tuesday's high and five-month high of
$0.9321/26 after backing off slightly in early trade.


For the latest full forex report, click on [FRX/]
For previous updates on currency moves click on [USD/-M]
REUTERS
Rtr 20:05 12-26-00

//Begin Meta Data//
Selector Code: reutr

Copyright 2000, Reuters News Service