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: Crimson Ghost who wrote (5579)	1/10/1998 2:30:00 PM
From: PaulM	Respond to of 116754

Thanks, I get it. Also seems they can tank the dollar without better times (i.e., via forced liquidation of assets and dollars as a bankrupt has little choice in the matter) .

To: Crimson Ghost who wrote (5579)	1/10/1998 2:34:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116754

George, IMO Dollar is going to be pushed around much sooner. ''It's quite rare that the market is this bearish,'' Jiji and Kyodo news agencies quoted the source as telling reporters. ''A time like this when many in the market are holding long dollar positions is the best time for market intervention, when it's most effective,'' the agencies quoted the source as adding." infoseek.com

To: Crimson Ghost who wrote (5579)	1/10/1998 2:47:00 PM
From: mark warburton	Read Replies (3) \| Respond to of 116754

Excellent forum! My compliments to all that post. so many questions and hypothesis. Bailouts, debt restructurings etc. etc. IMHO when in doubt look to those whom know or have shown a canny ability to be a lot more right then wrong. Peter Munk of American Barrick is one man with the midas touch so to say. He foresaw this gold price drop a long time ago and took the measures to ensure profitability through out it. Now he is buying back shares in what he calls an undervalued stock, ABX. The cardianl rule of investing buy low sell high or invert to sell then buy. For wahtever reason causes the turn around, be it short covering or whatever, a turn around is near. Mr. Munk will first buy back his stock, then his next logical step will be to cover the short positions. This will probabaly be the most important indicator we will see. Mr. Munk is more informed and in tune with the POG then we will ever have the luxury to be. Not that one should follow like a lamb to the slaughter but his knowledge will take into account and discount all scenarios and information available. Also the man poses considerable clout with CB's investment houses and the financial community at large. Watch his actions closely, for he will be one of the first to lead the POG north. IMHO Mark