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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?


To: Ryan Weisman who wrote (2020)12/5/1997 6:00:00 PM
From: Dundee Maples  Read Replies (1) | Respond to of 4571
 
That's are real tough question. I am posting the views that Aden gave at the gold show. I hope they help.

Mary ann Aden spoke at the gold show.

She sees the Dow at a major top, the dollar heading lower, gold turning. She present lots of excellant
charts and indicators to back up her assertions. I buy her story.

Under the 7500 level and holding would confirm the bear market. Once it does this , its next stop will be
5500 or lower.

Gold must hold support at 285. It needs to get above $320, but to become bullish it must get above
$345. The current down trend could end any day or continue for months.

Silver needs to stay above 4.83 and she sees it going to $7.00 and above. She is bullish on silver.

for gold shares the barron's gold index needs to get above 615 to be bullish.

The Us dollar has turned down ( Aug 6th top ) . It could go to 110 swiss francs.

Swiss franc is her choice in currencies then Dmark, the French Franc. Bearish on Canadian dollar.

She sees long term rates heading down and short term rates heading up. She is bullish on bonds for the
next several months. Longer term I don't think she is bullish. The bond needs to hold the 6.37 level.

REMEMBER I AM JUST TRYING TO BE THE REPORTER. This information is meant to help,
check on your own before you make any key decions - the reporter could have made a mistake etc.



To: Ryan Weisman who wrote (2020)12/5/1997 6:29:00 PM
From: Bill Galkowski  Read Replies (1) | Respond to of 4571
 
<<let's talk price of gold>>

Yesterday (Thursday), they were interviewing a representative of Lehman Bros., on CNBC. I wish I could remember the details of what was said, but I know he did say this, in effect.

If the price of gold (I believe it was around 288.5 at the time) were to freeze at current levels, "it would still need an additional 10% or 15% correction (down)."

He felt that gold was not a good hedge now, nor has it been in the past 20 years.

I cannot remember all his statements, but this is enough to discourage, if true.



To: Ryan Weisman who wrote (2020)12/5/1997 6:52:00 PM
From: Ben Geh  Respond to of 4571
 
<<<Low jobless report, yet the market flies.>>>

It's just Santa Claus having his day(s).



To: Ryan Weisman who wrote (2020)12/5/1997 8:16:00 PM
From: blowout  Read Replies (1) | Respond to of 4571
 
lets talk price of Gold

IMHO, Only the conservative money will stay in the metal as it looses it's luster to the more courageous investors, who are seeking their fourtune in the over valued stock market. I did read however that new home sales were down, I wonder where the money is going. If it"s being invested in the market, then interest rates should inch up because that will mean less money loaned, inturn lowering shareholds returns.
Now if more money leaves the banking industry for better returns in the market there will be less for loan and that may inch intrests up also.
And if this were all true then less demand of materals will force their prices up an so on. But hey this could take a long time and so I don't think any thing short of a market crash could snatch the POG back where it has been.

But I think this is good for us because as Leman and the S&P (see link) keep downgrading gold stocks, because lower POG means lower profits, and the less likly hood of them meeting their credit obligations, some will be forced to close opreations. So in time with production down, Gold will become more valued.

Now this is why IMHO it is good. We have no credit obligations, we have a Nine million dollar free ride. Our pofits will be excelent and that will attract investors, and when the POG returns will we will be situated. and if the market fails what better stock to be in but the ones bringing up gold that ever one will race to own again.

If interrested here is the link hope this one works.
Blowout
biz.yahoo.com