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: Zardoz who wrote (67891)	4/19/2001 11:37:02 AM
From: Real Man	Read Replies (1) \| Respond to of 116762

Why not?

To: Zardoz who wrote (67891)	4/19/2001 11:55:18 AM
From: Richard Mazzarella	Respond to of 116762

Hutch, <<WHY?>> The market has run out of other ideas? Every dog has its day? Gold is yellow? LOL

To: Zardoz who wrote (67891)	4/19/2001 1:18:52 PM
From: Square_Dealings	Read Replies (2) \| Respond to of 116762

Gold is a currency dude. And yes a lower dollar can be good for gold and for tech stocks at the same time. I will leave that to you to figure out. M.

To: Zardoz who wrote (67891)	4/19/2001 2:13:11 PM
From: tyc:>	Respond to of 116762

GOLD is a sector who's time has come. WHY? Because it is no longer profitable to short it. A significant influence on the price of gold has been the "gold carry trade"; Borrow gold, short it,use the proceeds to buy treasuries that yield a good return. The treasuries no longer yield a good return and they also have a "currency risk" with the weakening of the US$. Any weakening of the US$ implies a higher gold price, adding to the risk. Treasuries are high in price because of the lower interest rates. Sounds like a great time to reverse the carry trade. Sell the treasuries at their current high price and cover your shorts of gold.