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: Gary who wrote (3490)	11/23/1997 11:31:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 116810

Gary-- If they sell our bonds, the dollar will be in trouble, and the pog will move up. Maybe $20 up moves daily in the futures. Maybe.

To: Gary who wrote (3490)	11/23/1997 11:55:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116810

From what I can tell from some of my more naive friends in financial circles, the mantra on Wall Street is now, Gee- why doesn't Japan "do something." In particular, why doesn't Japan embark on "economic stimulation" program (i.e, inflationary expansionism). Conincentally, this is the solution that would hurt the average Japanese investor,with huge savings, the most (as obligations denominated in Yen become toilet paper). This solution would also mean the bulk of the effect on America would be in the manufacturing/exporitng areas (i.e. on the worker) as the Yen are devalued. By contrast, the more natural response, letting the market run its course and liquidating already existing assets, would result in Wall Street sharing some of the flu. Teh proposal for tax cuts, though a good idea longer term, will fall on deaf ears given the immediate need for public funds in resposne to imminent public calls for bailouts. The simple fact remains: money that people though they had is disappearing (or more accurately was never there to begin with). Assets will be devalued and balance sheets re-done accordingly, including American assets and American balance sheets.

To: Gary who wrote (3490)	11/24/1997 12:02:00 AM
From: philv	Respond to of 116810

South Korea taking another beating at time of writing, down another 7%. That is like a 500 point drop in the Dow. They will be working overtime tonight in both Vancouver and New York no doubt to try to contain the damage. In my opinion, these stock market moves will benefit gold only when currencies themselves become shaky, but so far Wall Street has been able to shrug it off. Looking at the spot gold chart, it is flat as usual, and as usual, awaiting direction from New York when the BIG board opens. Certainly not boring times. Regards Phil