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: Little Joe who wrote (2696)	10/31/1997 5:48:00 PM
From: goldsnow	Respond to of 116822

I think some people including goldbugs are started to be concerned about short or intermidiate gold price movement. In fact I cannot think of more bullish development than gold hitting $300 or $284 marks. That move if occured would be less than 10%. That may not be great for most of our holding short term (except may be for few hedged senior gold companies) The last failed gold move to above $335 was clearly unsupported by supply/demand fundamentals. More mines and more projects need to be wiped-out for a fundamental move to anticipated $375. By than there will be no forward-selling only attempts atforward buying. We are clearly at the low (12 year low) and another 10-15% up or down make no difference for upcoming upside move. Not everyone has staying power, but obviously more weak hands will be shaken-out the more bullish outlook for gold. Clearly juniors (surviving juniors that is) would move violently in aftermath. No need to follow POG day by day (or more like minute by minute, like many of us do) POG move will be a major story on all networks and IMHO could even overshadow an underlying global drastic event. Like e.g. military clushes in Russia or Ukraine next year...Gold lost its pollitical status not as a result of some fundamental change in computer driven technology. It is a temporary victim of the perceived political stability after demise of the cold war regime biz.yahoo.com No industry has disintergrated more profoundly than now starving 'red army'