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: dean poets who wrote (67808)	4/18/2001 12:04:36 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 116979

You are wrong about rates and gold. This morning's cut did help gold and gold stocks though they were not the main beneficiaries. Lower short rates cut the profitability of the gold carry trade in the same way as higher lease rates -- by reducing the forward rate. Lower short rates also are a negative for the dollar.

To: dean poets who wrote (67808)	4/18/2001 12:13:28 PM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 116979

dean, lowering interest rates encourages increased risk of inflation, gold benefits. IMO the Fed has been using gold as an indicator of forecasted inflation, a reason they believe they are so safe in lowering rates. Yesterday Jack Kemp was using gold as evidence of no inflation. Little does he understand the current rigged gold market.