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: goldsheet who wrote (67280)	4/7/2001 10:19:04 AM
From: long-gone	Read Replies (2) \| Respond to of 116790

Yes, we know about the strength of the dollar, but this really doesn't(fully?) address my questions about your opinions as to past/future gold weakness, or does it? Is the situation changing? There seems a major change afoot in sentiment in regards to gold. Do you agree - at least - Clinton / Gore / Summers hated gold? Or that they at least they eliminate gold acting as a haven into which people can run in bad times & also wished assure a much harder time for profits by the miners & greater profits for the CB's of Europe & bankers / brokers? We did see environmental regulation(even at times illegal) making it harder to mine at a profit in the US.

To: goldsheet who wrote (67280)	4/7/2001 12:29:13 PM
From: Hawkmoon	Read Replies (4) \| Respond to of 116790

Thanks for the article Bob!! It seems that many goldbugs seem to dismiss the current action in the dollar. The US economy is a large portion of the global economy, so when we slow, the rest of the world slows as well and capital flight takes place from the peripheral currencies to the dollar. Personally, I would like the USD to settle into a trading range between here (115) and 100. I don't know if I would like to see a new high, as that would increase recessionary trends worldwide, but it appears it may happen until Japan and Europe can spur their domestic economies. Now when we see economic progress reassert itself overseas, independent of reliance on US export market, then we may see the dollar decline as better investment opportunities present themselves there. And then gold may rally against the dollar. But I still believe there will be better investment returns available in emerging markets when such a time presents itself. My only caveat is major economic upheaval, conflict, trade war, oil embargo, or anything that suggests a breakdown in legally binding system of financial obligations amongst counter-parties, will send investors flocking to gold. That all an economy and financial system is... a bunch of legally binding financial contracts that people and businesses expect others to honor. Thanks again, Bob!! Regards, Ron