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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (73927)7/25/2001 10:30:57 AM
From: lorne  Read Replies (3) | Respond to of 116753
 
Gold set for boost from dollar, says bank
By Reuters. July 24 2001 21:06GMT
" The price of gold is expected to move higher over the next three years, boosted by a weakening US dollar, stronger world demand for the precious metal and limits on gold sales, a study released by Toronto-Dominion Bank said on Tuesday. "
" The study by the bank's economics department said the US dollar, in which the gold price is usually expressed, is expected to depreciate by 5 per cent on a trade-weighted basis next year, raising the price of gold by a similar amount. "
Full story >>>
news.ft.com



To: Real Man who wrote (73927)7/25/2001 1:37:40 PM
From: long-gone  Read Replies (1) | Respond to of 116753
 
my guess(see prior post) is gold & gold stocks will not close at lows of the day.



To: Real Man who wrote (73927)7/25/2001 2:22:34 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116753
 
The weakness in the gold complex despite another sharp drop in the dollar and higher lease rates troubles me too. The response to news is very bad to put it mildly. Could reflect market concern that Lebanon will dump its reserves.

Perhaps that poster who predicted the XAU will be "toast" this week will turn out to be correct after all.