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: Mark Bartlett who wrote (5366)	1/7/1998 3:39:00 PM
From: Richnorth	Read Replies (3) \| Respond to of 116752

I tend to agree with you that the US and some European countries are apparently 'ganging' up to collapse the Asian economies. To be sure, economic and political advantages will be gained if they are successful. However, I am glad there are indications that EMU may not happen. Germany, with its high unemployment and huge debts, may not qualify for entry. If Germany is not in, then for sure there will be no EMU. It seems that EMU will have to be postponed. If that occurs, it should be good for gold. For sure, gold has been manipulated to such an extent that shorters are no longer concerned. It certainly looks like the bottom for gold is still not yet in sight and goldbugs stand to lose a lot more. But it will be very interesting to see what comes of the forthcoming meeting between the Japan and the US regarding strengthening the yen and possibly, if I may so surmise, lowering the greenback. It seems the mere news of this meeting has already caused the pog to pop up by ~$2. This bodes well for gold, doesn't it?