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: PaulM who wrote (4867)	12/28/1997 11:27:00 PM
From: JD	Read Replies (1) \| Respond to of 116762

Dines article on CBS Marketwatch calls for return to gold standard. 12/28/97 ******************************************************************** A longtime believer in downtrodden gold, California newsletter writer James Dines, says the metal's tough times are contributing to Asian currency turmoil. Gold this year fell below $290 an ounce for the first time in 15 years. Central bankers' sales of the metal are rattling gold investors. "We predict that without the unifying standard that gold provides, these currency crises will continue with what we call Vesuvian tremors," Dines says. "These currency crises will happen again and again unless gold is restored as the primary monetary asset," he says. Dines says the prices of gold and silver are close to their "bottoms" and will soon rise, sending prices of depressed gold mining shares far higher. Silver prices this week jumped to their highest point in a decade amid talk of hedge fund buying. Silver rose more than 2 percent Wednesday to $6.37 an ounce. Gold rose almost 1 percent to $298.20 an ounce. And gold prices this month have drifted higher and are far closer to $300 an ounce than the $282.50 low the metal has already touched ********************************************************************** source: cbs.marketwatch.com

To: PaulM who wrote (4867)	12/29/1997 1:16:00 AM
From: Alex	Read Replies (1) \| Respond to of 116762

Nikkei Link............... web.kyoto-inet.or.jp

To: PaulM who wrote (4867)	12/29/1997 6:31:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116762

Hi- I didn't mean to inflate the won. I was curious how selling dollars would help Japan out. The Edward's article is really worth the buying Barron's this week. now I am seriously thinking of getting an online subscription because sometimes they really do have fantastic articles. Heard that now the steel industry is getting worried here because already under the market steel is arriving on these shores. Also the mergers that are taking place in Europe and the layoffs in SE Asia should start another round of job losses here. I guess we should all start praying for our world leaders to get some inspiration...