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: BGraham who wrote (65336)	3/11/2001 12:14:03 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 116764

I have no idea where rates will be Monday. But the momentum is strong so they could continue upward. They spiked at 9% in 1999 in the same week gold moved abvoe $325. But back then, rates had been moving steadily upward for 3 months from the sub-1% level. kitco.com If rates duplicate the pattern they had in 1999, they will be way up into the double digits levels and peaked with later this summer when gold makes a intermediate high near $350. But that is a big if. At this point, the only think we can say is that somebody big is buying gold and causing some imbalance. This could be enough to wake up the would-be gold investors. And you know we don't need a big shift in demand to reverse definitively the long term trend. No matter what, I think gold will go above $300 this year.