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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (272204)12/29/2003 3:58:28 PM
From: Secret_Agent_Man  Read Replies (2) | Respond to of 436258
 
I think we should get Long for the next 20K points-s



To: patron_anejo_por_favor who wrote (272204)12/29/2003 4:03:59 PM
From: MythMan  Read Replies (2) | Respond to of 436258
 
this market is UFB



To: patron_anejo_por_favor who wrote (272204)12/29/2003 4:04:04 PM
From: ild  Respond to of 436258
 
DJ Gold Price To Reach $430/Oz In Early 2004 - Analyst

12/29/2003
Dow Jones News Services
(Copyright © 2003 Dow Jones & Company, Inc.)

NEW YORK (Dow Jones)--The price of gold should reach $430 an ounce in the first part of 2004, Bear Stearns analyst Michael Dudas predicted.

The high gold price is related to the sinking dollar, which is making "fresh new lows against the euro and yen," he said in a CNBC interview Monday.

Dudas said the high gold price is sustainable, as the world is seeing a the early stages of a multiyear commodity cycle.

The analyst likes gold mining company Newmont Mining Corp. (NEM). -By Amy Braunschweiger, Dow Jones Newswires; 201-938-2205



To: patron_anejo_por_favor who wrote (272204)12/29/2003 4:05:45 PM
From: Perspective  Read Replies (1) | Respond to of 436258
 
Barfing gold insight:

3:00PM: Mostly sideways since the last update, as the major averages are vacillating near their session highs... The gold sector is among today's strongest gainers and is up 2.5%, as indicated by the XAU index... Its strength coincides with a $2.50 rise in the price of gold to $415.30/oz... Note that earlier in the session, the price of the precious metal set a new multi-year high at $416.50/oz... Gold's resilience is resulting from the weakening dollar, which has fallen to a new record low against the euro and the yen earlier in the session...

While the dollar's weakness is viewed by some market participants as a concern, Briefing.com, for its part, thinks at this juncture the weaker dollar is beneficial as it boosts the dollar value of U.S. companies' overseas profits...


Now, a reasonable person would think that, if a falling dollar is a boon to exporters, it would be bane to importers. Consider our country as a whole for a moment as if it were a corporation. Is it in the import or export business? I'd say we're solidly in the "net importer" camp. Therefore, a falling dollar is bad for the financial well-being of the country as a whole. If it is good for the export segment of the economy, then they are benefitting at the expense of the rest of us.

How much longer can the truth behind dollar-weakness-driven inflation, service sector inflation, and real estate inflation be hidden from the public by the government claims of zero inflation?

BC