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: Rarebird who wrote (75684)	8/30/2001 7:41:25 AM
From: jrinvestor	Read Replies (1) \| Respond to of 116764

Rarebird, I am looking for a pop in the POG at any point now and of course that would move Gold Stocks up. I think we will see this type of action in POG and gold stocks as we move through this economic slow down and stock market correction. I also have my eye on the OSX and a couple of stocks in that sector. I think this market is going to get real ugly very soon. JR goldmarkets.homestead.com

To: Rarebird who wrote (75684)	8/30/2001 2:51:29 PM
From: Ahda	Read Replies (2) \| Respond to of 116764

I feel future growth will be very limited. Looking at a paper that compared employment to new employment hope it became very clear that during the nineties in the upper income group the results of job loss was beneficial to them wage wise. However in the lowest income group the gain on wages ended up to be a reduction in said. We cannot possibly exclude technology as being the greatest growth base one can have no matter what era you are in future needs drive business. The problem we are facing is the slow infrastructure creation in other places due combined with the fact we are not as hungry product wise i feel growth will be minimal at best. The housing market here is not as of yet showing any great reduction in price. Most assuredly bonus time be it options or any vehicle will be less and there will be problems in addressing costs for some at the very high end. There was an article i read where the one of the largest concerns to one economist was solvency of the banks in China i was not at all happy to read this. The reality of it is over projection can be worse than non projection. Here in this end of the world for some strange reason i feel Mexico and South America will start to see a shade more growth. It is probably not strange but composite of reading material that came out as positive. I am not counting on much growth here. The plus of being a have not is more prevalent in others areas of the politically reasonable world. The return on investment will be slow for the US and currency can be a problem in this area.

To: Rarebird who wrote (75684)	9/2/2001 12:20:21 PM
From: long-gone	Respond to of 116764

One enemy of gold a member of the left: are.berkeley.edu another: Dornbusch on Central Bank Gold Sales -------------------------------------------------------------------------------- Present US gold holdings are about 264 million ounces. At a price of around $400 an ounce, the gold stock is worth about $100 billion. Assuming that the US does not adopt a gold standard there is no reason to continue carrying the gold stock, and I would advocate an immediate and complete sale. Any clearcut decision in respect to gold cannot fail to affect significantly the world price of substantially the same whether the gold is auctioned off now or is offered more gradually for sale. What is the case, though, is that the present value of sale revenue is larger, the earlier the decision is made. Excerpted from "Statement Before the Gold Commission," November 13,1981 by Rudiger Dornbusch econ.lsa.umich.edu