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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: PaulM who wrote (5475)1/9/1998 11:26:00 AM
From: Little Joe  Read Replies (1) | Respond to of 116753
 
Paul: Gold is down because of silver???? Just a few weeks ago Silver was challenging multi year highs while gold in the tank. Don't follow you.

Live long and prosper,

Little Joe



To: PaulM who wrote (5475)1/9/1998 12:43:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 116753
 
PBM-- Gold is down 'cause of no buyers of any size. And that is 'cause of the strong dollar. I like 225, and would go long futures at that point. We may see it. And we may not. I am not in a hurry.
Never underestimate the power of mass psychology. You can see the non-logical result that is playing out in the gold market, because of a concerted gang-bang by central banks the world over.
Mention any investment in gold to anyone, and what do they reply?
So, the mass psychology is working. They even got the S.Koreans to give it up without a shot!
There is no link at present between gold and silver. The run-up in silver was a manipulative silver play.