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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (20977)	8/10/2007 12:49:18 AM
From: elmatador	Read Replies (1) \| Respond to of 218014

"People are selling gold to raise dollars. It's a classic risk-aversion trade," said John Reade, head of metals strategy at UBS Investment Bank "risk of downside movement in gold": according to Michael Kempinski, senior precious metals trader at Commerzbank. In previous sell-offs this year, spot gold and gold futures were sold heavily as investors opted for liquidity when they unwound risky bets such as yen-carry trades — the borrowing of the lower-interest yen to buy higher-interest currencies. This is the test for Gold to see if it is the real MCoy, TJ. If Gold doesn;t go to the moon now, I wonder what will make skyrocket.