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 : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (14592)	6/29/2002 12:08:08 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 82340

Hi Searle, Sitting here watching a grade B fantasy flick on the Sci-Fi Channel and extrapolating it to yesterday's gold action. "Al, this is not an optimistic picture for the gold price in the short-term." Seems to be a secondary underlying support line going through the 295-298 area. "In fact, I would not be surprised, after it's recent very sharp falls, to see the USD mounting a technical "recovery" of sorts." That might be difficult with the CRB out of control. I supose 110 may be in the cards though. "In fact, the way the stockmarket shrugged off the $2bn profit 'adjustment' by Xerox on Friday adds to my opinion that the markets, generally (ie USD and Dow), are now able to digest/ignore bad news. It won't be long before we are being told of the amazing 'recovery' being made by the US economy." They shrugged it off this week, but if the market sours next week, they'll be quick to blame it on Xerox and Worldcom even though those stories didn't discourage market investors this week. "It looks like the best thing for us to do is to close the shop and go on vacation for a while." You're probably right. I already furloughed most of the men. I suppose I didn't have to since they're paid in Confederate currency anyway, but they are looking tired. "Also, I think it's necessary to mention again that, because of my own personal position, I would rather hold gold shares which are going down than other South African shares which may not be." You expect the SA share to take a hit next week?