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: lorne who wrote (76444)	9/14/2001 11:35:12 AM
From: long-gone	Respond to of 116753

Thursday September 13 12:49 PM ET Political Risk Leading the Way for Gold By Adrian Dascalu LONDON (Reuters) - Military retaliation by Washington after Tuesday's terror attacks in the United States might set off a buying frenzy in gold, but any price rise would be short lived, traders and analysts said on Thursday. ``In case of a military conflict involving the United States, we might see investors rushing to what they see as a safe haven -- and gold is one,'' an analyst said. A trader said: ``Political risk has been heightened and if the events of the Gulf War (news - web sites) might be repeated than we will see higher gold prices.'' Gold closed in London on Thursday at $280.00/282.00 an ounce, poised between peaks near $290 achieved late on Tuesday and levels of some $271 immediately before the devastation in New York and Washington. WARY OF GOING SHORT Incidental reports have already emerged of heavy gold buying by small investors in parts of Asia. ``In difficult times, people also turn to the U.S. dollar because it has high liquidity...but with the dollar most likely to be soon in the center of a conflict, people might think of gold as an alternative,'' a London analyst said. A trader added: ``I'm sure that we would not have an advance warning of the military actions...the risks at any time of something happening is going to keep people wary and will persuade most of them not to be short of gold.'' Like other commentators, he was loathe to predict how far prices might go. OIL RISKS Another analyst said a strong gold rally was in prospect if the United States and its allies were dragged into a conflict that affected the oil market. ``Such a rally is possible if people think that conflict will have a major structural impact on the global economic system...and whether it is likely to have an inflationary effect,'' the analyst said. But any major rally would be brief, traders said. ``Chances are that any rally would probably return quite fast to the present range of $275-$290,'' a trade said. Rhona O'Connell, market analysis manager at the World Gold Council, did not expect a rush for gold, particularly among professional investors. ``The belief that gold always soars in times of crisis is a misconception as its role as a hedge against risk means it tends to be bought in anticipation of a problem and then sold, if necessary, if and when a crisis materializes,'' she said. us.news2.yimg.com

To: lorne who wrote (76444)	9/14/2001 2:15:09 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 116753

There are ALWAYS freeloaders in every family, be it our national neighborhood or our immediate family of origin. The dead weight will be dead and buried before this is all over, so that precious time won't be wasted any longer lugging their larda&&es around and most likely their offspring will be off-loaded as well since they won't be of any use to the community either. There are only two choices here. And No is one of them. However, those who say "No" now do NOT get to change their minds after they are dead and disposed of. What absolutely amazes me is that those who say "NO" want to have the benefits of all those who say yes. It simply doesn't work that way. Some will learn and some won't. The "no-no birds" don't get to pick their set of consequences for their decisions. That is an immutable fact of life. PapKing and other bible belchers of his ilk never had to suffer the consequences of their actions because they think god will always "take care of them" like some handicapped infant. It is sad. They believe "grace", i.e, unmerited favor is carte blanche permission to coast and mooch, off of the capitalistic tit, the fatted calf, and the industry of others. It is Not. When the No is uttered too many times, someone or some"thing" will mete out the consequence of hearing "NO" one too many times and they will be taken care of. No one will cry for them, and removing their cold and boney finger from the oceanic sea will leave no hole. What a collosal waste. He better wake up while he can still change from NO to a Yes. "Maybe's" and "let me think about it and get back to you's" won't be permitted eternal vascillation either in this do it now and get it done job dead ahead. As Tony Blair just told his Parliament a few minutes ago, it's time to make a choice. Either you are with us in this fight or you are our enemy. It's real easy to see who the enemies are among the current no-no birds on this thread. Their attitudes and strategies toward gold simply do not matter anymore in the scheme of things. The game has changed, and for the first time in 50 years of failed appeasement & detente' policies here are OVER and the focus is no longer about just making a buck here and a buck there. It is about personal and community safety and right to live out our years in safety, etc.. Take care.