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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (94885)	3/9/2002 2:00:52 PM
From: Joan Osland Graffius	Respond to of 132070

Anyone, Interesting things going on during the last couple of weeks. Selling of US treasury medium and long term debt instruments and the price of gold going down. The only thing I can come up with is this is temporary because of the mark to market in Japan. Anyone have some insight as to what is going on? Joan

To: Joan Osland Graffius who wrote (94885)	3/9/2002 2:16:46 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 132070

well i suppose, a round of surprise CB dumping would do the trick for a bit as well, agreements or no agreements, or at least the rumour of such. at some point, the bet is that gold will, via the market speaking, play its historical role. when, has been the only remaining question for fundamentalists on the case... japan appears to have reversed itself recently by dumping 500k oz last week... I think, now that they have proven the metal is not in fact dead in Japan, once the realization comes alive again, that wealth preservation will not occur unless individuals act (buy gold), those 500koz won't have much meaning. outright barring the ownership of gold i suppose is another govermental answer of last resort, though i suspect the outcry would be enormous and would lead to questions few want asked. certainly Ron Paul could be counted on for a daily gold rap at that point seems to me. until the case changes, what's left to do but tweak the position, collect some divvies, and suffer extreme patience.